Apple’s iPhone 17 Defies Market Expectations

Strong Initial Sales and Supply Constraints

Apple Inc. is silencing its doubters as early sales data for the iPhone 17 reveals unexpectedly strong consumer demand, significantly outpacing its predecessor’s launch performance. This surge comes amid a challenging economic climate and coincides with a deepening regulatory dispute between the tech giant and the European Union.

Market experts are pointing to compelling evidence of robust demand. According to initial figures, the iPhone 17 is experiencing a 10% to 15% higher uptake in its first weeks of availability compared to the iPhone 16 during the same period last year. Daniel Ives, a prominent analyst at Wedbush, attributes this performance to a substantial pent-up upgrade cycle, estimating that approximately 315 million iPhone users have not refreshed their devices in the last four years.