Apple iPhone 17 preorders surge, analyst sees minor China hiccup
Apple shares climbed as iPhone 17 preorders broke records, with JD.com reporting higher first-day sales than last year's iPhone 16. Wedbush's Dan Ives sees 5-10% stronger uptake YoY and called the iPhone 17 Air's China shipment pause (eSIM license issue) only a "near-term" hiccup. Retail sentiment stayed 'extremely bullish,' with traders eyeing $250+.