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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen	9/13/2016 5:53:36 PM
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iPhone 7 Orders at T-Mobile, Sprint Surge Past Prior Models T-Mobile US Inc. and Sprint Corp. have received almost four times as many orders for Apple Inc.’s iPhone 7 than previous iPhone models, a sign the device may be well received and the two carriers’ new unlimited data plans may be a hit. In a series of tweets Tuesday, T-Mobile’s Chief Executive Officer John Legere said the iPhone 7 pre-order period was the biggest in the company’s history, and Sprint’s Chief Executive Officer Marcelo Claure said orders were almost four times higher than a year earlier. The early enthusiasm for the iPhone 7 is good news for Apple, after two quarters of declining sales for its flagship device. T-Mobile’s comments are among the first glimpses of demand for the latest iteration of the iPhone, which was redesigned without a headphone jack and has an improved camera. The carriers’ reports are being watched closely because Apple has said it won’t disclose weekend sales number for the first time. bloomberg.com

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