The Basic Model of the iPhone 17 is Breaking Demand Records.

Apple’s latest smartphone series, the iPhone 17 base model, continues to be the company’s most notable player, according to Jefferies analysts. Analyst Edison Lee stated, "This model exhibits the most consistent power performance among major markets."

Lee added, "Our follow-ups show that there are no delivery lead times for 17 Air/17 Pro in all six markets. This is similar to the situation of last week."

It was noted that despite a significant weekly drop observed in Hong Kong, the base model showed an increase of 13 days in the United States. It was emphasized that other markets did not experience any decline.

According to Jefferies, overall demand is strongest for the iPhone 17 base model, while there is less demand for the 17 Pro Max. Additionally, Apple has reportedly reduced 17 Air orders by 4 million (from 10 million to 6 million) while increasing orders for other models by 10 million. This situation indicates a rise in demand for the higher-tier versions.

Lee expressed that only the 512GB variants in Hong Kong are trading at "a small premium (between 0.4% and 2%)," which indicates a very strong demand. "This is much stronger compared to last year, as all variants of the 16 Pro Max began to trade at a discount in the third week after launch," he said.

Jefferies noted that this strong demand could be partially attributed to "the lack of any increase in Pro/Pro Max prices for the past three years and ongoing hardware improvements," alongside the introduction of the new orange color aimed at appealing to young female consumers.

While Apple anticipates a revenue growth of %10 to %12 in the December quarter, Jefferies warned that the negative product mix between 17 and 16 could lead to margin pressure.