CORRECTION - The iPhone 7 is seen on display during an Apple media event at Bill Graham Civic Auditorium in San Francisco, California on September 7, 2016. Apple on Wednesday unveiled two upgraded versions of its iPhone and a new waterproof smartwatch, seeking to reignite growth for the iconic technology maker. The iPhone 7 and larger iPhone 7 Plus, with new camera technology, 50-meter water resistance and other features, were the highlight of an Apple media event in San Francisco. / AFP PHOTO / Josh Edelson / “The erroneous mention[s] appearing in the metadata of this photo by Josh Edelson has been modified in AFP systems in the following manner: (iPhone 7] instead of [iPhone 7 Plus]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require.”
SAN FRANCISCO: Apple's stock hit a 2016 high on Sept 14, with its market value peaking above US$600bil (RM2.47tril) for the first time since April as Wall Street bet the technology company's newest iPhone would help shore up falling sales.
Fuelled by US wireless carriers' reports of strong early orders for the iPhone 7 as well as arch-rival Samsung Electronics' widely-publicised recall of potentially exploding Galaxy Note 7 smartphones, shares of Apple rose as much as 4.7% to US$113.03 (RM467.02) for a gain of 10% in the past three days.
