Apple stock jumps as iPhone 17 demand surges globally
Apple’s shares saw a strong rally this week after reports confirmed that iPhone 17 sales in the U.S. and China have significantly outperformed early expectations. The surge in demand has boosted investor confidence, signaling a strong holiday quarter ahead for the Cupertino-based tech giant.
According to market analysts, Apple’s iPhone 17 lineup—especially the iPhone 17 Pro and iPhone 17 Pro Max—has been a huge hit among premium smartphone buyers, driven by its improved battery life, upgraded camera system, and sleek titanium design.
Analysts predict stronger Q4 performance
Wall Street analysts have already raised their Q4 revenue forecasts, citing Apple’s robust performance in two of its biggest markets. In China, Apple has reportedly captured a larger share of the high-end smartphone market, even amid tough local competition.
Meanwhile, in the U.S., iPhone 17 pre-orders and carrier promotions have helped fuel higher sales volumes than last year’s iPhone 15 lineup.
Apple’s market momentum continues
Following the sales reports, Apple’s stock climbed nearly 4% in early trading, adding billions to its market capitalization. Investors are optimistic that the iPhone 17’s success could also lift Apple’s services revenue, as new users engage with Apple One, iCloud+, and other digital offerings.
Market experts say that if the current momentum continues, Apple could be on track to post record-breaking iPhone revenues this quarter.