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iPhone 7 Gets Big Backing; Apple Intros iOS 10; Tesla Vs. Bolt - Eye On Tech


Apple introduced iOS 10 while cell carriers report overwhelmingly strong iPhone 7 orders so far.

On Sept. 19th, Twitter's tweets will get longer by having less content count against the 140-character limit.

Tesla's Model 3 could have some serious competition against the Chevy Bolt, which bests the Model 3's expected 215-mile range with its almost 240-mile range.

Clear Sailing for Apple's iPhone 7?

Although the overall market is getting slugged - with the S&P 500 falling 1.5% and the NASDAQ dropping 1.1% Tuesday - shares of Apple (NASDAQ:AAPL) have been resilient, climbing more than 2.5% on positive iPhone 7 news.

Last week, I questioned if the "good enough" theory - which asks whether the iPhone 6 and 6s are already good enough to keep users from upgrading en masse - would subdue iPhone demand after the initial rush. But, if we're going off of initial trends, it doesn't appear like any argument can be made - other than people really want the device.

T-Mobile (NASDAQ:TMUS) says iPhone orders up roughly four-fold while Sprint (NYSE:S) has seen a 375% increase from the carrier's previously most popular iPhone launches.

Given that these carriers haven't seen their subscribers increase by similar figures, it goes to show that consumers really are updating in huge numbers. Of course, the trade-in programs are likely helping.

If T-Mobile and Sprint are seeing such early success, it stands to be assumed that Verizon (NYSE:VZ) and AT&T (NYSE:T), even if the growth levels are half that of its competitors, are also enjoying the surge from the new device.

No company, though, is enjoying it as much as Apple. Should the Cupertino-based tech stud continue to see elevated demand throughout the second half of 2016 and through the holidays, its stock price will almost surely benefit as well.

But That's Not All, Folks

Apple also released its new mobile software on Tuesday too, iOS 10.

For a recap, those interested can watch the WWDC event that Apple held back in June, which introduced iOS 10. Here's the SA News Team's coverage of the event as well. Apple released the update at 1 p.m. EDT. For other parts of the world, that means a 6 p.m. release in London and a 2 a.m. release in Tokyo.

iOS 10 boasts an impressive amount of features (again refer to the links above, or...