IPhone Fever Sets Up Apple’s Biggest Weekly Gain in Years: Chart

(Bloomberg) -- Apple Inc.’s shares are poised for their first weekly gain of 10 percent or more since 2013 as the company gets ready to start selling its newest smartphones, the iPhone 7 and 7 Plus. The stock reached a high for the year on Thursday, adding to gains on Monday, Tuesday and Wednesday. A double-digit percentage advance for the week would be the 10th since the iPhone was introduced in January 2007, according to data compiled by Bloomberg.

To contact the reporter on this story: David Wilson in New York at dwilson@bloomberg.net. To contact the editors responsible for this story: Chris Nagi at chrisnagi@bloomberg.net, John Shipman