The price of Apple Inc stock will increase, after the company said it is introducing new iPhone and iPad models.
The Wall Street Journal reported that the new iPhones will go on sale next week.
Apple shares have risen in recent weeks after it announced a new iPhone X and the iPhone XR, which includes a larger screen and faster processors.
The company has also unveiled a new iPad Pro.
Apple is already pushing new iPhones, including the iPhone 7, 7 Plus and the new iPhone 8.
The iPhones feature larger screens and faster processor, along with new wireless charging capabilities.
Apple also announced the release of a new Apple TV device, and it plans to offer an upgraded version of its iTunes Store app in the future.