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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.
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.
JOSH EDELSON—AFP/Getty Images

U.S. wireless carriers Sprint and T-Mobile US said on Tuesday they received strong pre-orders for Apple’s iPhone 7, sending shares of the world’s most valuable listed company up 3 percent.

Sprint said pre-orders were up nearly four times, compared to last year. Pre-orders also rose nearly four times at T-Mobile, compared with its next most popular iPhone.

However, the companies did not disclose specific sales numbers. Pre-orders started on Friday.

Details about sales of the new iPhone are scarce after Apple announced last week it would not release weekend sales data, saying the number was more a reflection of supply than demand.

“While the iPhone 7 update is more revolutionary than evolutionary, we believe investors could consider these strong early pre-order indications as being reflective of the impact of Apple’s significant iPhone installed base expansion over the past few years,” Stifel analyst Aaron Rakers said in a note.

Rival carriers AT&T and Verizon Communications were not immediately available for comment.

Apple’s shares were up 2.8 percent at $108.19 in morning trading. Up to Monday’s close, they had fallen 2.1 percent since the iPhone 7 was launched on Wednesday.

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

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