iPhone 7 Pre-Orders Boosts Apple

On Tuesday, U.S. telecommunications holding companies T-Mobile (NASDAQ: TMUS) and Sprint (NYSE: S) announced heavy pre-orders for Apple’s (NASDAQ: AAPL) new iPhone 7 mobiles.

According to Reuters, Sprint pre-orders were up almost 4x compared to last year’s. Pre-orders also rose nearly four times at T-Mobile, compared with its next most popular iPhone. But, both companies did not disclose specific sales numbers. Pre-orders started on Friday. Details about sales of the new iPhone are scarce after Apple announced last week it would not release weekend sales data, saying the number was more a reflection of supply than demand.

“While the iPhone 7 update is more revolutionary than evolutionary, we believe investors could consider these strong early pre-order indications as being reflective of the impact of Apple’s significant iPhone installed base expansion over the past few years,” Stifel analyst Aaron Rakers said in a note.

Other carriers such as AT&T and Verizon Communications did not comment on this matter. Apple’s shares over 2%. Up to Monday’s close, they had fallen 2.1% since the iPhone 7 was launched on Wednesday. 

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