Apple gains at stock market with the launch of Apple iPhone

Apple might not be able to launch their just launched iPhone product till July but they are already reaping the benefits of the announcement.

The company’s share rose by as much as 3.4 percent on Tuesday after Apple’s chief executive Steve Jobs unveiled the Apple iPhone product.

The shares ended up trading up 2.5 percent at $87.61 minutes after the initial rise.

Apple launched the iPhone along with Apple TV at the Macworld conference in San Francisco. The company after redefining the digital music industry is now aiming to change the way we used mobile phones.

The Apple iPhone product is basically a combination of three devices. It works as a fully fledged Apple iPod Video with a larger display, a mobile phone and an internet access device. It has just one button and the rest of the features are accessible using the touch screen interface. No stylus is required as the user can use their fingers to access the functions on the Apple iPhone.

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