IPhone News Byte: Apple Leads an Early Advance in Technology Stocks

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IPhone News Byte: Apple Leads an Early Advance in Technology Stocks

IPhone News Byte: Apple Leads an Early Advance in Technology Stocks
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IPhone News Byte: Apple Leads an Early Advance in Technology Stocks

by Wochit 1:10 mins

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. 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. Apple shares opened about 5 percent higher after the technology company's third-quarter profit beat analysts' expectations due to stellar sales of its iPhones.

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