Apple Stocks Hit Record Highs with iPhone 17 Sales

Apple Stocks on the Rise

Apple's stocks rose by nearly 4% on Monday, closing at a record level of $262.24, following a new report indicating impressive performance of iPhone 17 sales in the US and China.

iPhone 17 Sales Performance

Launched in September, the iPhone 17 series achieved 14% higher sales in its first 10 days in the US and China compared to the iPhone 16 series. This impressive result is strengthening Apple's market position.

Analyst Opinions

Counterpoint Senior Analyst Mengmeng Zhang stated in their report: "The base iPhone 17 model is extremely attractive to consumers; it offers excellent value for its price-performance ratio. A better chip, improved display, higher base storage, and upgraded front camera—all of these are offered at the same price as last year's iPhone 16. Moreover, when additional channel discounts and coupons are considered, it becomes a wise choice to purchase this device."

Market Expectations

Financial analysis firm Loop Capital emphasizes that the demand for Apple's new iPhone generation is exceeding expectations, and this situation carries strong upward potential.