Apple Smashes Expectations with iPhone 17Apple Smashes Expectations with iPhone 17: Sales Up 14% in Just 10 Days
By Ion Jauregui – Analyst at ActivTrades
Apple (NASDAQ: AAPL) has made another bold move with the launch of its iPhone 17. According to Counterpoint, the latest model sold 14% more than the iPhone 16 in its first 10 days in key markets such as China and the United States. Growth is even more remarkable in China, where the base model almost doubled its sales compared to the iPhone 16. Overall, sales across both markets surged 31%, consolidating Apple as the undisputed leader in the sector.
The secret behind this success seems simple but effective: a better chip, enhanced display, upgraded front camera, and larger storage capacity, all while maintaining the same price as last year. Apple’s “more for the same” strategy has, at least so far, proven highly profitable.
AAPL Technical Analysis
From a technical perspective, Apple shares show a solid bullish momentum following the iPhone 17 announcement:
The price has broken key resistance at $259.47, consolidating above the 50-day moving average for two consecutive sessions.
Relative Strength Index (RSI) indicators are in slightly overbought territory but show no immediate correction signals.
MACD indicates the early stages of a bullish crossover.
Trading volume has increased significantly in recent days, confirming strong institutional interest.
In this context, current support is around $246.50, with the next support above $241.28 near the 100-day moving average, while the previous key support is at $225.95, coinciding with the 200-day moving average. The ActivTrades US Market Pulse indicates a neutral risk balance, suggesting that these moves are largely driven by speculation around Apple.
For Apple, these figures represent more than just a commercial victory. The company needed a sales boost to justify its position in an increasingly competitive market, and early indicators show it is succeeding.
The iPhone 17 not only strengthens investor confidence in Apple but also sets a new benchmark for the tech industry at a time when innovation and demand for premium devices are higher than ever.
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