When the price of an iPhone goes up, how much do you lose?
The price of Apple’s iPhone has risen by nearly 80% since the beginning of the year, but that has not affected the amount of money Americans are saving.
According to data from Credit Suisse, Americans have saved $1,800 more since the start of this year than in the entire 2015 calendar year, and have saved an average of $3,400.
The iPhone has also increased its share of the market in the U.S. from 13.9% in the beginning to 19.5% in June.
That’s up from just 2.7% in 2015, according to data released Wednesday by Credit Suise, the biggest data provider on the smartphone market.
Apple stock has surged since the launch of the iPhone 7 in November, rising more than 300% since then.
Apple stock was up about $3.60, or 2.1%, at $125.30 in trading Wednesday, compared with a 3.4% gain for the S&P 500 index and a 5.5%, 5.9%, 6.4%, 6% and 7% gain in the Dow Jones Industrial Average.
Apple shares are up about 10% since October.