Apple’s iPhone 17 series has seen stronger early sales than its predecessor in the United States and China, according to research firm Counterpoint.

The early demand supported Apple’s stock, which traded around $260.90 on Nasdaq, up roughly 3.3% today (Monday). According to market participants, the rise contributed to broader market gains.

iPhone 17 Early Sales Lift Apple Stock

The new iPhone models outsold the iPhone 16 series by 14% during the first ten days after launch in the two markets.

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Apple, Source: TradingView
Apple, Day Chart, Source: TradingView

Apple’s stock performance added about 70 points to the Dow Jones Industrial Average. While sentiment remained generally positive, some analysts said Apple’s next major growth phase may take time, with stronger catalysts expected later in 2026.

Apple Sees Early iPhone 17 Demand

Counterpoint reported that sales of the base model iPhone 17 nearly doubled in China compared with the iPhone 16 during the same period. Across both markets, sales of the model increased by 31%.

“The base model iPhone 17 is very compelling to consumers, offering great value for money,” said Senior Analyst Mengmeng Zhang. Zhang noted that the model includes an improved chip, display, and selfie camera, along with higher base storage, while maintaining the same price as the iPhone 16.

Apple launched the iPhone 17 series globally in September, including in China. Early demand reinforced the company’s position in key smartphone markets. Analysts added that Apple’s broader growth outlook remains gradual, with major developments expected in 2026.

Source: Finance Magnates