This sales flash has oddly stirred hopes for Apple’s showing, boosting investor trust and lifting its stock price to about $262 a share. Experts called the launch among the best lately, with both basic and top models seeing great buzz.
Why the iPhone 17 Is Selling Quite Well
Experts feel the key to iPhone 17’s early win is its odd mix of worth and power. The base model, at the same cost as last year’s iPhone 16, packs key updates: a nicer chip, better screen, more space, and an ace selfie lens.
Mengmeng Zhang from Counterpoint said these bits make the iPhone 17 quite fun for buyers. In China, the basic model has been a big hit, with sales almost twice that of last year’s iPhone 16 basic model.
Zhang said the same price plus clear gains made it a sure thing buy for many folks. Also, deals and coupons from local stores have stoked even more buzz.
Strong Sales in Both Core Regions
In China, the iPhone 17’s hype is a cool shock for Apple, which has fought hard versus local brands like Huawei and Xiaomi. Despite this fight, Chinese fans have loved the iPhone 17’s cool features and worth.
Folks are grabbing iPhone 17 Pro Max like mad in America. Phone companies upped discounts nearly 10%, so folks grab pricier gizmos. An expert at Counterpoint says it got people excited about fancy Apples, hiking their prices.
Another analyst there, Maurice Klaehne, said they want you stuck for years, offering juicy deals for 2 to 3 years. This helps Apple profit more from folks, keeping their cool gadgets quite popular.
New Gizmos and Fancy Changes
Apple showed off four main flavors of iPhone 17 the 17, 17 Pro, 17 Pro Max, and a new Air. The Air is like the old Plus but skinnier and breezy. It costs $999, but early peeks show it selling a bit better than the 16 Plus.
The iPhone 17 Pro and Pro Max sport Apple’s zippy A19 Bionic brain, amped-up cameras, and cooler zoom tricks. These also enjoy carrier love and big memory boosts, which draw in pros and artsy folks.
Apple kept the same starting price for each flavor $799 for the plain 17, $999 for the Pro, and $1,099 for the Pro Max. But they gave more room for your stuff, making them sweeter deals all round.
How the Market Feels and Expert Praise
The stock market felt happy about the awesome sales news. Loop Capital said Apple is good now, bumping them from Meh to Yay, and aiming their stock to go from $226 to $315. They feel this boost means folks will want new iPhones until 2027.
Wedbush said it expects about $310, saying the iPhone 17 is better than folks thought. Smart people think interest in both USA and China means Apple might grow again for years after a chill 2024.
Evercore ISI saw consumer polls say more than half may grab the iPhone 17 Pro or Pro Max. Smart guy Amit Daryanani thinks this push for fancier stuff helps Apple gain more cash and raise prices on average.
AI and Dreams of the Future
Despite the hot start, folks with money still await Apple’s old promise: Siri with AI. The plan was to drop this cool helper in June 2025, but snags pushed back the date.
Other giants like Google and Samsung added slick AI tricks to their phones, pushing Apple to drop theirs fast. Smarts say Apple’s AI moves will be key to staying in the game soon.
For now, Apple’s gear does great. Last quarter, the firm earned almost $67 billion from devices and PCs, against $27 billion from services. The zippy iPhone 17 launch might lock in Apple’s gear power, giving them time to nail AI.
Glitches and Mixed Smart Views
Some smart folks aren’t too cheerful. Jefferies just cut Apple to Bad saying Apple’s worth is too high. The firm said the iPhone 17 rush is from steady costs and offers, not big tech leaps.
Jefferies said folks might hold out for Apple’s bendy iPhone, like with the iPhone 18 stuff. They think if Apple does bendy phones, they’ll rule but maybe not if it costs two grand.
Yet, most folks think the iPhone 17 is doing great and helped Apple bounce back from a not-so-hot start this year. The stock is up like 12% over the year and 5% this year so far.
What’s Next with Apple
Apple knows its customers super well, getting lots of folks interested without raising prices much. They’re giving cool updates at the same price, which makes new and old fans happy to buy.
Apple’s doing great in its biggest spots, making buddy-buddy deals with carriers, and folks are liking them more. They seem set for the holidays. If sales keep up, they might make crazy money off the iPhone 17.
As they get ready to drop the new Siri with brains and maybe a bendy iPhone next year, Apple’s looking at smooth sailing. The iPhone 17 shows that Apple can still make cool stuff that folks love, even without big changes, and make their stock go up.
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