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Apple’s iPhone 17 Outperforms Predecessor in Early Sales, Bolstering Market Confidence

Apple’s iPhone 17 Outperforms Predecessor in Early Sales, Bolstering Market Confidence

Author:

Global Cryptocurrency

Published:

2025-10-23 01:22:02

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BTCCSquare news:

Apple Inc. (AAPL) edges closer to a $4 trillion market valuation as its shares surged 6% following a bullish report from Counterpoint Research. The iPhone 17 has outperformed its predecessor, the iPhone 16, in its first 10 days on the market, with sales up 14% in key regions like the U.S. and China. The new model addresses longstanding technological concerns, reinforcing Apple's innovation narrative.

Strong demand for the iPhone 17 Pro Max in the U.S. and the base model's dominance in China underscore Apple's resilient market positioning. Despite these gains, the stock's current valuation appears to reflect its fundamentals, leaving little room for near-term upside.

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