The launch of Apple Inc’s AAPL iPhone 17 collection in China, India on September 19 has seen an enthusiastic response, with the Professional Max mannequin main the gross sales.
iPhone 17 Professional Max Leads Launch Frenzy in China, India
The iPhone 17 collection witnessed a promising begin in China, the world’s second-largest economic system. The Professional Max mannequin, priced 9,999 yuan ($1,406) onwards, is predicted to be the best-selling mannequin within the collection, reported Reuters.
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On the launch day, roughly 300 folks queued up at Apple’s flagship retailer in Beijing. The collection’ redesign, notably the orange-colored Professional Max, and its longer battery life, had been cited as key elements influencing the acquisition choice.
In the meantime, in India, the iPhone 17 collection launch additionally attracted massive crowds in Mumbai and Delhi, with Apple’s retail companions and distributors are boosting gross sales with cashback, trade reductions, prolonged EMI plans, and bundled offers on equipment and wearables for patrons buying and selling in older iPhones, reported the Hindustan Instances.
New Launch Doubtless To Enhance Apple’s China Market Share
Analysts count on the iPhone 17 collection to present Apple a much-needed year-end raise in China, probably strengthening its market share and shipments amid robust competitors from Xiaomi and Huawei.
Though Apple’s shipments fell 6% within the first eight weeks of Q3, Omdia senior analyst Chiew Le Xuan expects iPhone shipments in China to rise 11% year-over-year within the second half, driving a 5% full-year development for Apple in 2025.
Robust iPhone 17 Demand, US Investments Sign Progress
The iPhone 17’s demand is reportedly ‘monitoring modestly forward of iPhone 16′, said JPMorgan analyst Samik Chatterjee. This constructive reception in China, a key marketplace for Apple, bodes effectively for the corporate’s general efficiency.
This constructive pattern, coupled with Apple’s $600 billion funding in U.S. manufacturing will drive future development, Over the following 4 years, 79 factories throughout the nation are anticipated to profit, triggering a ‘domino impact’ of development, said CEO Tim Prepare dinner.
Moreover, Apple is exploring the manufacturing of foldable iPhones in Taiwan, aiming to fabricate roughly 95 million iPhones for its 2026 lineup. This transfer may additional strengthen Apple’s place within the international smartphone market.
Based on Benzinga Edge Inventory Rankings, Apple has a development rating of 29.66% and a momentum ranking of 56.81%. Click on right here to see how it compares to different main tech firms.
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Disclaimer: This content material was partially produced with the assistance of AI instruments and was reviewed and printed by Benzinga editors.
