Apple stock price closing in on $4 trillion market cap on report of strong iPhone 17 sales
In early trading on Tuesday, Apple’s stock price increased by less than 1%.
The research claims that during the first ten days of the phones’ release in the area, iPhone sales increased by 14% year over year. Sales of the standard iPhone 17 increased by over one-third.
“The base model iPhone 17 is very compelling to consumers, offering great value for money,” Mengmeng Zhang, a senior analyst at Counterpoint Research, reported in a statement.