iPhone 17 launch outpaces iPhone 16 by ~14% in first 10 days across the U.S. and China; $AAPL hits record highs and nears $4T valuation

Context :

Multiple trackers report iPhone 17 unit sales running about 14% above iPhone 16 over the first 10 days in Apple’s 2 biggest markets, propelling $AAPL to fresh all-time highs. Analysts cite strong base-model uptake in China and robust Pro/Pro Max upgrades in the U.S. Carrier promos helped, and the momentum is feeding through to parts of the supply chain.

WINNERS

Group 1 - Handset & Services Flywheel

Reason: Stronger iPhone 17 sell-through (up ~14% vs. 16) plus robust U.S. upgrade activity boosts hardware revenue and high-margin Services (App Store, iCloud, AppleCare) as the installed base refreshes.

Names: $AAPL (Apple), $BBY (Best Buy - U.S.  ...