Executive Summary
The Story So Far
Why This Matters
Who Thinks What?
Apple’s new iPhone 17 series has significantly outperformed its predecessor in early sales across China and the United States, according to a report released Monday by research firm Counterpoint. The latest models, launched globally in September, saw a 14% increase in sales during their initial ten days compared to the iPhone 16 series.
Early Market Performance
Specifically, sales of the base model iPhone 17 nearly doubled in China during this period when compared to its iPhone 16 counterpart. Across both the Chinese and U.S. markets, the base model experienced a 31% rise in sales, signaling strong consumer demand.
Analyst Insights
Counterpoint Senior Analyst Mengmeng Zhang attributed the robust performance to the base model iPhone 17’s compelling value for consumers. Zhang highlighted that the device offers a better chip, improved display, higher base storage, and a selfie camera upgrade, all while maintaining the same price point as last year’s iPhone 16.
Outlook
This early sales success suggests a strong market reception for Apple’s latest smartphone iteration in two of its most crucial global markets. The data particularly underscores consumer interest in the enhanced value proposition of its entry-level offering.
