Socket Mobile spikes 980% after announcing barcode scanner for all iPhone 12s

• Socket Mobile stock jumped as much as 980% after it uveiled its new DuraSled barcode scanner for the iPhone 12.
• DuraSled is the company's first enterprise-grade barcode scanner for iPhone 12s.
• Socket Mobile will sell three models of the DuraSled scanner.

Socket Mobile stock was up by nearly 1,000% on Tuesday, propelled by the company's launch of its DuraSled barcode scanner for Apple's iPhone 12.

The company said DuraSled is its first enterprise-grade barcode scanner for the iPhone 12, iPhone 12 Pro, iPhone 12 Pro Max and iPhone 12 Mini. The DuraSled will give users of iPhone 12 models access to "professional-grade" scans. Such work includes delivery services, stock counting and ticketing.

Socket Mobile shares leapt to an intraday high of $35, a 980% bounce from their closing price of $3.24 on Friday, the last full day of trading before Monday's Presidents' Day holiday.

Socket said the DuraSled scanner will allow employers to support workers with iPhone 12 phones along with supporting older iPhone series ranging from the iPhone 6 to iPhone 11. The DuraSled itself comes in three models.

Shares of Socket were on course Tuesday to rise by about 1,480% over the past 12 months.