iPhone 17 Hits Record $170B First-Year Revenue, China Sales Surge 35%
AAPL sits 41% above its 52-week low of $225.95.
Summary
Counterpoint Research reports the iPhone 17 series generated over $170 billion in global wholesale revenue in its first year, up 11% from iPhone 16 and the highest launch-year revenue for any iPhone generation. China was the standout, with wholesale revenue jumping 35% year-over-year and accounting for nearly 24% of global series revenue. The base iPhone 17 saw revenue grow 1.3x from its predecessor and was the world's best-selling smartphone by unit volume in H1 2026. Apple's stable pricing amid memory cost inflation helped it gain share against Android rivals. Counterpoint expects the iPhone 18 Pro/Pro Max and Apple's first foldable to launch next, with lower-priced models in 2027. This follows Apple's record fiscal Q3 in July, where iPhone revenue rose 22% to $54.3B, and suggests continued momentum into the next cycle.
At the time of this announcement, AAPL was trading at $319.44 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.6T. The 52-week trading range was $225.95 to $344.57. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.