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00:02Apple could carry strong iPhone momentum into its next product cycle
00:06after the iPhone 17 lineup generated record first-year revenue,
00:11according to CounterPoint Research.
00:13The series produced more than $170 billion in global wholesale revenue,
00:19up 11% from the iPhone 16 lineup,
00:22and the highest launch year revenue for any iPhone generation.
00:26CounterPoint Research Director Tarun Pathak
00:28called the iPhone 17 Apple's strongest lineup in years,
00:32citing upgraded base model features and pro models
00:35that attracted buyers with Apple's latest chips and camera technology.
00:39China drove growth, with iPhone 17 revenue rising 35%
00:43and accounting for nearly 24% of global series revenue.
00:47Apple also benefited from relatively stable pricing as memory costs increased.
00:52CounterPoint expects the iPhone 18 Pro and Pro Max,
00:55along with Apple's first foldable iPhone to support the next product cycle.
01:00Shares rose 1.16% in Thursday pre-market trading,
01:05according to Benzinga Pro data.
01:07For all things money, visit Benzinga.com.
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