A adjacent procreation iPhone 17 is held during an Apple peculiar lawsuit astatine Apple office connected Sept. 9, 2025 successful Cupertino, California.
Justin Sullivan | Getty Images
Apple shares roseate astir 4% connected Monday to a grounds adjacent of $262.24 arsenic a caller study showed iPhone 17 income disconnected to a beardown commencement successful the U.S. and China.
The iPhone 17 series, which dropped successful September, has outsold the iPhone 16 bid by 14% successful the U.S. and China wrong its archetypal 10 days of availability, according to information from Counterpoint research.
"The basal exemplary iPhone 17 is precise compelling to consumers, offering large worth for money," Counterpoint elder expert Mengmeng Zhang said successful the report. "A amended chip, improved display, higher basal storage, selfie camera upgrade – each for the aforesaid terms arsenic past year's iPhone 16. Buying this instrumentality is simply a nary brainer, particularly erstwhile you propulsion transmission discounts and coupons into the mix."
The institution is positioned to rally with request for the latest iPhone procreation exceeding expectations, according to Loop Capital.
The concern slope upgraded Apple from clasp to buy, raising its terms people to $315 per stock from $226.
"While [Wall] Street is baking successful immoderate grade of outperformance from AAPL's iPhone 17 household of products, we judge determination remains worldly upside to Street expectations done CY2027," Loop Capital's Ananda Baruah said successful a enactment to clients connected Monday.
Last week, Apple CEO Tim Cook visited employees and authorities officials successful China, and appeared astatine a motorboat for Apple's caller iPhone Air, which reportedly sold retired in minutes aft going connected sale, according to the South China Morning Post.
In a enactment connected Sunday, Evercore expert Amit Daryanani said that the iPhone Air's evident popularity successful China whitethorn boost Apple shares. They person the equivalent of a bargain standing connected the stock.
The Evercore analysts wrote successful the enactment that Apple is poised to study beardown numbers during adjacent week's net report.
"We deliberation AAPL is good positioned to study upside to Sep-qtr expectations aboriginal this month," Daryanani wrote.
Apple shares person had an up-and-down twelvemonth truthful far. The banal is up astir 5% successful 2025, importantly lagging large Magnificent 7 winners Nvidia, Meta, Microsoft and Alphabet, but has roared 24% implicit the past 3 months.
Apple 5-day banal chart.
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