A subsequent era iPhone 17 is held throughout an Apple particular occasion at Apple headquarters on Sept. 9, 2025 in Cupertino, California.
Justin Sullivan | Getty Photographs
Apple shares rose almost 4% on Monday to a document shut of $262.24 as a brand new report confirmed iPhone 17 gross sales off to a powerful begin within the U.S. and China.
The iPhone 17 collection, which dropped in September, has outsold the iPhone 16 collection by 14% within the U.S. and China inside its first 10 days of availability, based on knowledge from Counterpoint analysis.
“The bottom mannequin iPhone 17 may be very compelling to shoppers, providing nice worth for cash,” Counterpoint senior analyst Mengmeng Zhang mentioned within the report. “A greater chip, improved show, larger base storage, selfie digicam improve – all for a similar worth as final 12 months’s iPhone 16. Shopping for this machine is a no brainer, particularly if you throw channel reductions and coupons into the combo.”
The corporate is positioned to rally with demand for the newest iPhone era exceeding expectations, based on Loop Capital.
The funding financial institution upgraded Apple from maintain to purchase, elevating its worth goal to $315 per share from $226.
“Whereas [Wall] Avenue is baking in a point of outperformance from AAPL’s iPhone 17 household of merchandise, we imagine there stays materials upside to Avenue expectations by way of CY2027,” Loop Capital’s Ananda Baruah mentioned in a notice to shoppers on Monday.
Final week, Apple CEO Tim Cook visited workers and authorities officers in China, and appeared at a launch for Apple’s new iPhone Air, which reportedly sold out in minutes after occurring sale, based on the South China Morning Publish.
In a notice on Sunday, Evercore analyst Amit Daryanani mentioned that the iPhone Air’s obvious recognition in China could increase Apple shares. They’ve the equal of a purchase score on the inventory.
The Evercore analysts wrote within the notice that Apple is poised to report sturdy numbers throughout subsequent week’s earnings report.
“We predict AAPL is properly positioned to report upside to Sep-qtr expectations later this month,” Daryanani wrote.
Apple shares have had an up-and-down 12 months up to now. The inventory is up about 5% in 2025, considerably lagging huge Magnificent 7 winners Nvidia, Meta, Microsoft and Alphabet, however has roared 24% over the past 3 months.
Apple 5-day inventory chart.
