IPhone 17 Global Sale: Pro Models See Strong Demand

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Apple’s iPhone 17 launch & Stock Performance

* Strong‍ Initial Sales: The iPhone 17 lineup ⁤launched on Friday with reported strong demand, evidenced by long lines⁢ at stores ⁢in the U.S., Europe, and Asia, particularly for the Pro⁣ models. CEO Tim Cook greeted customers at the New ‍york City flagship store.
* New Models: The⁤ lineup includes the new, thinner iPhone Air, as well as the iPhone 17 pro and Pro max. The iPhone 17 Pro⁣ starts at $1,099 with double the storage and longer battery ⁣life of the previous model. New Apple‍ Watch and AirPods models were also released.
* ⁣ Mixed Analyst Reaction: Analysts have had a mixed response.Some see the iPhone Air as a positive, but many ‍are waiting for Apple to integrate more substantial ⁢AI features, which they believe could boost ⁤the stock price.
* Stock Underperformance: Apple’s stock has ‍struggled this year, lagging behind other major tech⁣ companies (“Mag 7”) due to concerns about its pace in the AI race. Investors are hoping AI advancements will provide a catalyst for growth.