iPhone 7 Shortage Piques Interest On Wall Street
SAN FRANCISCO (CBS NEWS) -- Fans searching for Apple's (AAPL) iPhone 7 Plus will need not only $770 but patience, given the model is sold out globally. While that might disappoint consumers, Wall Street is getting interested.
The iPhone 7 Plus is sold out globally, while the smaller iPhone 7 in jet black is now unavailable, according to CNET. The first dozen or so fans who were disappointed after lining up at an Apple Store are reportedly receiving $100 gift cards from Apple. Consumers can still order the phone online or through their wireless carrier.
The demand for the iPhone 7 appears to be good news for Apple, although it's unclear how many of the devices have actually sold. Apple, of course, is a master at drumming up hype for its expensive new products, partially by withholding information until it can make a splashy product announcement. Despite the lack of actual sales figures, investors have cheered Friday's release by sending Apple shares up more than 11 percent since Monday.
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