Apple's iPhone Sales Continue Strong Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy AAPL?
Source: Yahoo Finance
- Significant Sales Growth: Apple's iPhone sales have increased by 26% year-over-year, indicating strong consumer demand for the new iPhone 17, particularly with the base model driving substantial growth in overall performance.
- Strong High-End Performance: Sales of the iPhone 17 were nearly 20% higher than those of the iPhone 16 during the same launch period, reflecting consumers' willingness to upgrade and highlighting the contribution of high-end Pro models to this growth.
- Rising Average Selling Prices: The average selling price of iPhones has risen approximately 7% year-over-year, indicating an improved product mix and sustained popularity of higher-priced models, which further enhances the company's profitability.
- China Market Boost: With approximately 20% growth in the Chinese market, Apple has seen significant performance improvements, demonstrating that despite increasing competition, the core product remains in strong demand.
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Analyst Views on AAPL
Wall Street analysts forecast AAPL stock price to rise
27 Analyst Rating
17 Buy
9 Hold
1 Sell
Moderate Buy
Current: 258.900
Low
239.00
Averages
306.89
High
350.00
Current: 258.900
Low
239.00
Averages
306.89
High
350.00
About AAPL
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, and Wearables, Home and Accessories. Its software platforms include iOS, iPadOS, macOS, watchOS, visionOS, and tvOS. Its services include advertising, AppleCare, cloud services, digital content and payment services. The Company operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. It also offers digital content through subscription-based services, including Apple Arcade, Apple Fitness+, Apple Music, Apple News+, and Apple TV+. Its products include iPhone 16 Pro, iPhone 16, iPhone 15, iPhone 14, iPhone SE, MacBook Air, MacBook Pro, iMac, Mac mini, Mac Studio, Mac Pro, iPad Pro, iPad Air, AirPods, AirPods Pro, AirPods Max, Apple TV, Apple Vision Pro and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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