iPhone7 has been launched and there has been so much buzz about the phone that it is inevitable that one does not knows about it. In today’s reading section, we are going to look at a article that talk about the sales of Apple and how they increased with the coming of iPhone7. With this article, we hope to learn some vocabulary about business and how things actually work in the Business lifestyle. The article has been taken from – http://time.com/money/4489600/iphone-7-preorders/?xid=homepage
U.S. wireless1 carriers Sprint and T-Mobile US said on Tuesday they received strong pre-orders2 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 disclose3 specific sales numbers. Pre-orders started on Friday.
Details about sales of the new iPhone are scarce4 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 revolutionary5 than evolutionary6, we believe investors7 could consider these strong early pre-order indications8 as being reflective9 of the impact10 of Apple’s significant11 iPhone installed12 base expansion13 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 shares14 were up 2.8 percent at $108.19 in morning trading15. Up to Monday’s close, they had fallen 2.1 percent since the iPhone 7 was launched on Wednesday.
|1||wireless||Using radio, microwaves, etc. (as opposed to wires or cables) to transmit signals.|
|2||pre-orders||Place an order for (an item) before it is available for purchase.|
|3||disclose||Make (secret or new information) known.;allow (something hidden) to be seen.|
|4||scarce||Insufficient for the demand.|
|5||revolutionary||Involving or causing a complete or dramatic change.;engaged in or promoting political revolution.|
|6||evolutionary||A gradual process in which something changes into a different and usually more complex or better form.|
|7||investors||An investor is any person who commits capital with the expectation of financial returns.|
|8||indications||A sign or piece of information that indicates something.;a symptom that suggests certain medical treatment is necessary.|
|9||reflective||Pproviding a reflection; capable of reflecting light or other radiation.;relating to or characterized by deep thought; thoughtful.|
|10||impact||The action of one object coming forcibly into contact with another.;a marked effect or influence.|
|11||significant||Sufficiently great or important to be worthy of attention; noteworthy.;having a particular meaning; indicative of something|
|12||installed||Place or fix (equipment or machinery) in position ready for use.;|
|13||expansion||The action of becoming larger or more extensive.|
|14||shares||A part or portion of a larger amount which is divided among a number of people, or to which a number of people contribute.|
|15||trading||The action or activity of buying and selling goods and services.|