Apple stock rises after strong iPhone 17 US, China sales
The next-generation iPhone 17 is held during a special Apple event at Apple headquarters on September 9, 2025 in Cupertino, California.
Justin Sullivan | Getty Images
apple Shares rose nearly 4% to close at a record high of $262.24 on Monday, according to the new report. iPhone 17 Sales got off to a strong start in the US and China.
The iPhone 17 series, which dropped in September, has seen higher sales iPhone The 16 series has grown by 14% in the US and China in its first 10 days of availability. Counterpoint Research
“The base model iPhone 17 is very attractive to consumers, offering great value for money,” Mengmeng Zhang, senior analyst at Counterpoint, said in the report. “A better chip, improved display, higher base storage, selfie camera upgrade — all for the same price as last year’s iPhone 16. This device isn’t a bad buy, especially when you mix in Channel discounts and coupons.”
According to Loop Capital, the company is poised for a rally with demand for the latest iPhone generation exceeding expectations.
Investment bank Upgraded Apple put Hold on Buy, raising its price target from $226 to $315 a share.
Loop Capital’s Ananda Baruah said in a note to clients on Monday that “(Wall) Street is seeing some outperformance from AAPL’s iPhone 17 product family, which we believe remains above street expectations through CY2027.”
Apple CEO last week Tim Cook Visited staff and government officials in China and reportedly appeared at the launch of Apple’s new iPhone Air was sold Within minutes of going on sale, according to the South China Morning Post.
In a note on Sunday, Evercore analyst Amit Daryani said the iPhone Air’s apparent popularity in China could boost Apple shares. They have the equivalent of a buy rating on the stock.
Evercore analysts wrote in a note that Apple is poised to report strong numbers in next week’s earnings report.
“We think AAPL is on track to report at the end of this month as expected on Sept-4,” Daryanani wrote.
Apple shares have had a bumpy year so far. The stock is up about 5% in 2025, significantly lagging the big Magnificent 7 winners. Nvidia, Meta, Microsoft And AlphabetBut it has increased by 24% in last 3 months.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Post Comment