Energous Shares Skyrocket on Apple Battery Rumors
Energous jumps on news that Apple is working on a wireless charging attachment for the newest iPhones.
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Shares of Energous (
WATT) - Get Report soared Friday on rumors that the wire-free charging company was working with Apple (
AAPL) - Get Report on a magnetically attached battery pack for the newest iPhones that would wirelessly charge the handsets.
Shares of the San Jose, Calif. company were climbing 42% to $5.28 at last check.
Bloomberg reported on Friday
that Apple has been developing the attachment for at least a year, and that it has been scheduled to launch in the months after the iPhone 12 line was first released, which was in October.