Apple stock rises after Ifbyphone's iPhone app release

Apple's (NASDAQ: AAPL) stock price jumped 4.06% Monday morning after Ifbyphone announced the release of a second iPhone app, Conference Call, and publicly shared the success of its first iPhone app, Voice Broadcast.

Ifbyphone Releases Second Apple iPhone Application was the lead story on finance.google.com Monday Morning as Apple's stock saw a higher open.

Officials at Ifbyphone commented, "While correlation does not imply causation, we're glad to see that Apple investors were as happy Monday morning as those who downloaded the new Conference Call iPhone app."