Apple iPhone 17 Sales Soar in India, Fueling Market Momentum

This article first appeared on GuruFocus.

Apple (AAPL, Financials) is having a big moment in India. The company's new iPhone 17 is flying off shelves, giving Apple a stronger foothold in one of the fastest-growing smartphone markets in the world.

Is AAPL fairly valued? Test your thesis with our free DCF calculator.

Industry data from Counterpoint Research shows the iPhone 17 is selling faster in India than any past model, pushing Apple into the country's top five smartphone makers for the first time.

India now ranks just behind the U.S. and China as Apple's largest iPhone markets a milestone that highlights how important the region has become for the company's future.

The excitement isn't limited to India. In China, the base version of the iPhone 17 is also outperforming expectations. That momentum has helped lift investor confidence heading into the holiday season. Apple shares are up 37% in six months, and analysts say this could mark the start of a new iPhone upgrade cycle.

View Comments