Jim Cramer on Apple's iPhone 7 Success

Demand has been massive for Apple's (AAPL) - Get Report iPhone 7, proving the short sellers and doubters wrong, says TheStreet's Jim Cramer. The larger iPhone 7 Plus model has sold out in all available colors, while the smaller iPhone 7 has sold out in the new jet black color. Earlier this week, T-Mobile (TMUS) - Get Report and Sprint (S) - Get Report said that preorders for the iPhone 7 phones had increased nearly fourfold from the next most popular iPhone and from a year ago. Cramer said he is waiting for the excitement to subside before upgrading his own phone.