by , 11:05 AM EDT, June 4th, 2007

Apple's stock is on the rise following the release of three commercials that state the iPhone will be available on June 29. The stock closed on Friday at US$118.40, opened Monday at $118.65, and is already up over $120.

The three commercials, Never Been an iPod, How To, and Calamari, all show off iPhone features, but the most important news for many investors and consumers is at the end of each when Apple states the combination iPod and smartphone will be available on June 29.

The exclusive iPhone service provider in the United States is AT&T. Customers will, however, be able to purchase the smartphone through both AT&T and Apple.

Apple Stock is currently trading at $120.61, up 2.21 (1.87%).