More people want the new iPhone — and Apple shares
Apple CEO Tim Cook holds the new iPhone during a special Apple event at Apple headquarters on September 9, 2025 in Cupertino, California.
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Critics may scoff at the iPhone 17 Pro’s fluorescent orange finish, but Apple’s The “cosmic orange” smartphone shines where it counts — in sales and shares.
The new iPhone 17 series, which includes the base iPhone 17 and its overclocking Pro and Skinny Air siblings — which apparently come in colors other than orange — is outselling its predecessors in the US and China, according to Counterpoint Research. In China, the iPhone Air sold out within minutes of going on sale South China Morning Post.
Investors noticed. Apple shares popped nearly 4% on the news and closed at an all-time high. That should be welcome news for CEO Tim Cook and investors who are lagging behind its Magnificent 7 peers. That brings Apple’s annual profit to around 5% Nvidia’s 36% and 25% for Meta.
Another member of Mag 7, however, had a shocking Monday. of Amazon Cloud Arm, Amazon Web Services, Had to endure the outage Similar sites taken down Reddit And SnapchatPlunging millions of people with you into a veritable existential crisis. Still, Amazon shares were able to climb around 1.6%.
US markets were broadly higher, with major indexes ending in the green on Monday. This week, investors will be keeping an eye on US trade developments with China as well as corporate earnings reports. Netflix, Tesla And Intel — a combination that could make the next few days as colorful as Apple’s latest phone.
What you need to know today
And finally…
Liquid cooled servers in an installation at the Global Switch Docklands data center campus on Monday, June 16, 2025 in London, UK.
Bloomberg | Bloomberg | Getty Images
AI could be a boon for emerging markets — but some investors aren’t convinced
“AI will change everything for emerging markets,” said Anton Osika, CEO and co-founder of Swedish startup Loveable, which allows others to build apps and websites through prompting, eliminating the need for technical knowledge.
However, AI does not solve the structural challenges facing emerging markets. That means many points of friction still exist, such as the availability of local funding and trust that startups will secure revenue, according to Emmett King, managing partner and co-founder of investment firm J12 Ventures.
– Tasmin Lockwood
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