CNBC Daily Open: All you need for a rally is a good iPhone

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Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today

Critics’ displeasure at the iPhone 17 Pro’s fluorescent orange color aside, Apple’s

“Cosmic Orange” smartphone has charmed fans — and investors.

The newest iPhone 17 series, which includes the base iPhone 17 and its overachieving Pro and skinny Air siblings — that come in colors other than orange, to be clear — has been outselling the previous one in the U.S. and China, according to Counterpoint data. In fact, the iPhone Air sold out within minutes of going on sale in China, reported the South China Morning Post.