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Your iPhone 7 Purchases Are Boosting Apple Inc — AAPL
Sprint is also touting iPhone-related success, with the carrier claiming a 375% increase in pre-orders compared with last year’s results connected to the launch of the iPhone 6S models. This could be because the tenth-anniversary iPhone is expected to have a “big, radical, awesome redesign of the kind that we have been used to coming from Apple for years”, he said.
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Fuelled by US wireless carriers’ reports of strong early orders for the iPhone 7 as well as arch-rival Samsung Electronics’ (005930.KS) widely-publicized recall of potentially exploding Galaxy Note 7 smartphones, shares of Apple rose as much as 4.7 percent to $113.03 for a gain of 10 percent in the past three days.
iPhone 7 is up for pre-order and when it comes to pre-orders there are so many factors that account into a purchase. In the USA, the iPhone 7 will be priced at $649 and up. That said, we do expect the company to unveil something special with the iPhone 8 release. CEO and president Marcelo Claure was pleased with the update, and opined: “It’s clear that Sprint customers want to get the most out of the incredible iPhone 7 and iPhone 7 Plus”. Unlike previous years, Apple may not have stock for customers lining up at its retail locations on September 16.
Apple quickly ran through its Upgrade Program pre-order inventory when sales started on September 9th. AAPL stock is trading up 2.75% at $108.34, as of 12:14 PM EDT. Those in the iPhone Upgrade Program should be able to preorder the new iPhone 7 and Apple confirmed as much, but the company failed to be transparent regarding how it would be handling and prioritizing preorders.
But the omission doesn’t appear to have derailed the phone’s positive aspects as review scores remain high – just as they were for last year’s iPhone 6s.
There are still a couple of days before iPhone 7 and iPhone 7 Plus reach people, the wait will be longer for Apple buyers in India.
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Samsung’s exploding Galaxy phones must be helping iPhone 7 sales, as well.