Apple’s iPhone 17 saw a 14% increase in sales compared to the iPhone 16 in its first 10 days on the market, with the base model being the most popular choice in both China and the U.S. The success of the iPhone 17 contributed to Apple’s stock hitting an all-time high.

In China, consumers found the base model of the iPhone 17 to be a better value, as it offers most of the features of the more expensive versions. In the U.S., attractive financing deals from carriers drove sales, with many opting for the pricier iPhone 17 Pro Max.

Despite strong iPhone sales, Apple’s presence in China remains crucial, as it only accounted for 16% of the company’s total sales in the most recent quarter. Investors were heartened by the news, as Apple’s stock performance had been lackluster earlier in the year.

Investors like Jim Cramer remain optimistic about Apple’s future, believing that as long as iPhone sales are strong, the company will thrive. The upcoming release of advanced AI software in early next year may further bolster Apple’s position in the market.

Read more at Yahoo Finance: iPhone 17 Is a Big Win for Apple