Shares of Apple Inc. surged 1.1% in premarket trade Tuesday, after T-Mobile U.S. Inc. said preorders for Apple’s iPhone 7 were the highest in the wireless carrier’s history. T-Mobile said from Friday through Monday, preorders were nearly four times the preorders for the previous most popular iPhone. Apple said last week that it would no longer release first-weekend preorder sales data, so T-Mobile’s data gives investors a first look into demand. “Strength in T-Mobile’s iPhone 7 preorders can be extrapolated to all the carriers world wide,” said analyst Trip Chowdhry at Global Equities Research. T-Mobile shares were indicated more than 1% higher in premarket trade. Through Monday, Apple’s stock had tacked on 0.2% year to date, while T-Mobile shares had soared 17% and the S&P 500 had gained 5.6%.
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