Apple’s (AAPL) big day has arrived! The iPhone 17 launches worldwide today and could be a make-or-break event for the company. Early orders suggests that the iPhone 17 Pro Max is witnessing the strongest demand, thanks to its redesigned body, longer battery life, and enhanced camera. China, Apple’s second-largest market after the U.S., will be critical to the phone’s success.
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At Apple’s flagship Sanlitun store in Beijing, about 300 customers lined up early this morning to collect pre-ordered phones, most of them being the Pro Max. The model is priced at 9,999 yuan in China, and at $1,099, in the U.S. only $100 more than the iPhone 16 Pro it replaces. Analysts expect the Pro Max to be the best-selling model in the iPhone 17 series.
Apple Banks on iPhone 17 to Boost China Presence
Apple is facing intense competition from China’s domestic phone brands such as Xiaomi (XIACF) and Huawei amid weak consumer demand. Its share of the local market has dropped to 12%, and iPhone shipments dropped 6% in the first eight weeks of the third quarter, according to Counterpoint Research.
Nonetheless, analysts believe that Apple will see a lift in China sales in the second half of the year, with sales in China expected to rise 11% on the back of the iPhone 17 launch. Analysts highlight that Apple’s redesign will be the major upgrade driver for both Chinese and U.S. consumers. Apple is also launching the new Apple Watch SE, Watch Series 11, Watch Ultra 3, and AirPods Pro 3 in stores today.
Meanwhile, analysts remain unenthusiastic about the iPhone Air, which is the only Apple model in China to support e-SIM, pending regulatory approval from local carriers. Apple has not opened pre-sales, and analysts say the device mainly tests thin-and-light designs that could influence the future of Apple’s foldables in the country. However, its weaker battery, camera, and audio may limit its appeal among Chinese buyers.
Apple still faces pressure to deliver strong holiday sales amid economic uncertainty, tariff risks, and efforts to win back consumer trust following its recent AI missteps.
Is AAPL Stock a Buy, Hold, or Sell?
On TipRanks, AAPL stock has a Moderate Buy consensus rating based on 16 Buys, 15 Holds, and two Sell ratings. The average Apple price target of $244.84 implies 2.9% upside potential from current levels. Year-to-date, Apple stock has lost 4.7%.
