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CNBC's Jim Cramer spoke positively Thursday about Apple's iPhone 7 sales after the company said initial quantities of the "Plus" model sold out globally.
"This is a just a very well-selling phone," Cramer said on CNBC's "Squawk on the Street."
"And what we keep hearing is the same thing that The New York Times said, which is that it's much faster and has a lot more storage," he added. "Those are what people turned out to like more than the [ear] bud[s], which some people don't like."
Apple has been on a winning streak this week as investors become more optimistic about the iPhone 7. Initial quantities of the iPhone 7 Plus have sold out globally, the company said. Sprint and T-mobile announced Tuesday that they received strong preorders for the device. And reviews for the phone have been mostly positive.
Cramer also said that he isn't worried about the iPhone selling out. Skyworks, an Apple supplier, can turn more "in an instant," he said.
Apple's stock was trading higher mid-morning Thursday at $115.06 a share. The stock is up more than 9 percent this year.