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China Delays

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Apple's iPhone 17 Drives Record Sales and Optimistic Outlook

Originally Published 2 months ago — by Reuters

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Source: Reuters

Apple's CEO Tim Cook forecasts holiday quarter iPhone sales and revenue that surpass Wall Street estimates, driven by strong demand for iPhone 17 models despite supply constraints and delays in China. The company expects double-digit iPhone sales growth and a 10-12% increase in overall revenue for Q1 2026, with particular strength in base and Pro models, while addressing ongoing supply issues and trade tensions.