Apple Inc. (AAPL) Stock Price: Shares Soar As Several iPhone 7 And 7 Plus Sell Out
September 18, 2016
Initial worries about iPhone sales appear to have been overblown. Apple Inc. (AAPL) shares jumped $3.80, or 3.4 percent, to close at $115.57 on Thursday, after reports surfaced that several iPhone 7 and 7 Plus smartphones are already sold out ahead of its Friday launch.
Following CEO Tim Cook’s unveiling of the new iPhone on Sept. 7, Apple’s price of shares dipped five percent in the two days, but the tech giant has rebounded from a low of 102.53 on Sept. 12 with three consecutive days of gains.