"The launch of the Apple Inc. ( NASDAQ: AAPL) 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."
"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."
IDC forecasts iPhone shipments will increase 6.6% in 2025 to 247.4 million units, with a total shipped value of $261 billion. Industry smartphone shipments are projected to rise 1.5% to 1.25 billion units. Sales in China have stabilized or improved, with October–November iPhone shipments yielding a 20% market share, a turnaround IDC calls phenomenal. Strong demand is expected in emerging markets and over the holiday season. Investor concern centered on whether iPhone 17 offered enough improvements and the delayed AI upgrade, which is expected early next year. Apple's stock recovered after quarterly results, reaching a $4.28 trillion market cap.
Read at 24/7 Wall St.
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