Apple’s iPhone 17 Victory

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

24/7 Wall St. Key Points

  • Investors in Apple Inc. (NASDAQ: AAPL) stock have been extremely anxious about iPhone 17 sales.

  • However, a recent forecast suggests Apple iPhone deliveries will surge this year.

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Apple’s iPhone 17 Victory

© Stephanie Keith / Getty Images

The launch of the Apple Inc. (NASDAQ: AAPL | AAPL Price Prediction) iPhone 17 prompted a lot of anxiety. However, iPhone deliveries will surge this year, according to the research firm IDC’s forecast for 2025. IDC reports iPhone shipments for 2025 will be up 6.6% to 247.4 million, driven by strong iPhone 17 sales. The forecast has the total value of the iPhones shipped this year at $261 billion.

Apple’s growth rate was well ahead of the industry. IDC says smartphone shipments for the year across the industry will be up 1.5% in 2025 to 1.25 billion. That is based on data from its Worldwide Quarterly Mobile Phone Tracker.

The researcher provided several reasons for the iPhone’s success. One is that its falling sales in China have stabilized, or even improved. iPhone shipments in China for October and November have given it a 20% market share. That is extremely impressive in a crowded market. IDC called it a “phenomenal turnaround.”

IDC also said iPhone shipments were expected to be particularly strong in emerging markets and over the holiday season.

Investors in Apple’s stock were extremely anxious about iPhone 17 sales. Was the new model different enough from the iPhone 16? Did consumers care about a slightly better camera or a faster chip?

Moreover, the iPhone 17 did not ship with Apple’s promised AI upgrade. That will not appear until early next year. Based on recent news, Apple has continued to struggle with this upgrade in an industry in which many AI apps have been phenomenally successful.

Some investors must have seen the iPhone 17 success coming. After a steep sell-off that left Apple’s stock lagging behind the S&P 500 from April through October, the stock surged when Apple announced its most recent quarterly results. The recovery has brought Apple’s stock performance roughly in line with the S&P 500 year to date. Its market cap is $4.28 trillion, which puts it in second place among all publicly held companies, just behind AI juggernaut Nvidia.

Imagine what will happen if Apple’s AI feature is a huge success.

Apple Stock Price Prediction and Forecast 2025–2030

 

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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