Leap Wireless (LEAP) Pops as Pre-Paid iPhone Launches

June 22, 2012 1:36 PM EDT
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Shares of Leap Wireless (Nasdaq: LEAP) are having a strong day today as sales of the pre-paid version of Apple's (Nasdaq: AAPL) iPhone go on sales today at Cricket stores.

Leap is first-to-market with a pre-paid version of the popular phone. Although, questions remain about how successful it will be, there has been quite a buzz around the release.

Shares of LEAP are up 3.5 percent.

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