Wall Street analysts say Apple iPhone 16 sales trends appear solid a month after the retail launch. Apple stock rose Monday on the news. In a client note, Loop Capital analyst Ananda Baruah said his firm's supply-chain checks suggest that Apple's September-quarter iPhone shipments "are tracking stronger than anticipated.

Apple stock continues to look like a long-term winner. On top of that, the report says that the mix of iPhones has also been favorable. According to Counterpoint, sales of pricier iPhone 16 Pro and Pro Max models have increased even more,

Sales of Apple Inc.'s newest iPhones in China are up 20% in their first three weeks compared with 2023's model, a positive sign for a device that struggled this year to gain traction in the world's largest smartphone market.