Wed, Jul 24, 2013 11:42 AM EDT 1:21
Apple is leading an early advance in technology stocks on Wall Street after beating analysts' estimates for earnings and revenue. Apple jumped 5 percent to $438 in the first few minutes of trading. Apple shipped more iPhones in the latest quarter and said it was planning to introduce new products in the fall. Wall Street was slipping as surprisingly strong economic figures out of Europe and upbeat earnings from Apple could not outweigh earlier concerns over China. In early trading, the Standard & Poor?s 500-share index was 0.2 percent lower and the Dow Jones industrial average fell 0.2 percent, while the Nasdaq composite was 0.1 percent nigher. Colorful plastics shells said to be destined for Apple's upcoming new entry-level iPhone have leaked more than a dozen times now, but the latest leak shows the casing in a high-definition video and compares it to older iPhone models. YouTube user Michael Kukielka posted a high quality video that thoroughly examines the purported new iPhone case in white. Apple is expected to release its new entry-level iPhone this fall.