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Great news for Apple investors!
Apple marked the company's first all-time high of 2025.
Counterpoint Research reported iPhone 17 sales ran 14% ahead of iPhone 16 during the first 10 days of availability in the U.S. and China.
These two markets account for the majority of Apple's smartphone revenue.
The iPhone generates roughly 50% of Apple's total revenue, making this launch data a critical indicator for near-term performance.
What is your prediction for Apple's stock by the end of the year?
Performance Shows Clear Patterns
Apple shares closed at a record $262.24 and pushed Apple's market cap toward $4 trillion on Monday, marking the company's first all-time high of 2025.
$AAPL ( ▼ 0.38% ) surge followed data showing the iPhone 17 outsold in key markets.
In China, the base iPhone 17 model nearly doubled unit sales compared to iPhone 16 at the same point in 2024.
Analysts attribute this to improved specifications at the same price point as last year's model, combined with channel discounts.
The U.S. market shows different dynamics.
Pro Max sales are outperforming in the U.S., while China gravitates toward the iPhone 17 base model.
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Apple Product Mix
The iPhone 17 lineup includes the base model, Pro, Pro Max, and the new iPhone Air.
The Air replaced the iPhone 16 Plus this year and features a thinner, lighter design.
Early data shows the Air is slightly outselling what the Plus achieved last year.
The base iPhone 17 offers a faster A19 chip, brighter Super Retina XDR display, and improved 48-megapixel Dual Fusion camera for the same price as last year's iPhone 16.
Analysts Revise Expectations
Deepwater Asset Management's Gene Munster predicts the iPhone 17 cycle could drive 8% or better growth through fiscal 2026, above Wall Street's current 5% estimate.
Loop Capital upgraded $AAPL ( ▼ 0.38% ) to ‘Buy’ from ‘Hold’ and raised its price target to $315 from $226, citing strong iPhone shipment momentum expected through the next several years.
Evercore said Apple is well positioned to report upside to current estimates.
The company points to early iPhone 17 strength as a potential catalyst for the upcoming earnings report.
What This Means
$AAPL ( ▼ 0.38% ) has risen 24% over the last three months but is up only about 5% YTD in 2025.
That gap matters more than you might think. The stock has significantly lagged big Mag7 winners Nvidia, Meta, Microsoft, and Alphabet this year.
But the recent price action suggests a shift.
Monday's rally pushed Apple's market cap toward $4 trillion.
$AAPL ( ▼ 0.38% ) surpassed its previous all-time high of $260.10 set on December 26, 2024.
The next catalyst arrives October 30, when Apple reports fiscal Q4 results.
Investors will look for confirmation that early iPhone 17 strength is translating into revenue, margins, and services attachment.
China trends and model mix will receive particular attention.
Looking Ahead
Analysts noted Apple still has room to move higher, citing a strong iPhone 17 cycle, the upcoming AI-powered Siri launch in March, and a foldable iPhone expected in fall 2026.
Loop Capital expects steady iPhone 17 shipment growth through 2027, supported by design updates.
The data supports a multi-year upgrade cycle thesis.
Some analysts describe the iPhone 17 as fueling the strongest sales growth since the pandemic. If these trends hold through the holiday quarter, Apple could close the performance gap with its Mag7 peers.
The combination of stronger early sales data and fresh analyst conviction has Apple back in price-discovery mode at record territory.
Whether this cycle extends into the holiday quarter with the same force will depend on the October 30 earnings report and subsequent demand signals from the critical November and December shopping period.
