Why Apple Stock Is Climbing on Wednesday
Shares of Apple (NASDAQ: AAPL) climbed higher on Wednesday by as much as 2.6%. As of 12:58 p.m. ET today, the stock was up 2.3%.
The catalyst that sent the iPhone maker higher was an announcement that Apple is abandoning a longtime policy regarding repair parts.
In a press release that dropped on Wednesday, Apple announced its Self Service Repair program, and said it will begin offering genuine Apple parts, tools, and manuals to consumers, letting them make repairs to their own iPhones. "The initial phase of the program will focus on the most commonly serviced modules, such as the iPhone display, battery, and camera," Apple said in the statement.
Source Fool.com
