There's a reason why Apple keeps dominating the mobile and computer technology market. The company is extremely innovative and know exactly how to keep fans interested.

Last month, rumor had it that the vibrant hued iPhone 7 was on the way and now we can finally confirm that this is true. This week, the company announced the release of a brand new iPhone 7 and *drumroll* it'll be red!

The limited-edition phone is part of the Apple (RED) initiative which donates funds from purchases to the Global Fund for HIV/AIDS. A charitable partnership that Apple established since 2006.

The phones will be available in the iPhone 7 and 7 Plus formats with price points starting at $1029.

If you've been thinking of getting an upgrade, mark your calendars and have your credit card ready. The (Red) iPhone 7 and iPhone 7 Plus will be available for purchase online and in stores this Friday the 24th.

Not only will you be rocking a bright-colored phone for spring but you would be contributing to a great cause.