Apple stock surpasses $700 per share to set records
The iPhone 5 was a popular release, as detailed by Apple today in a press release stating that the company had sold over two million in the first 24 hours of pre-orders. That wasn't the only record broken though. As noted by MacRumors, Apple's stock (APPL) exceeded $700 per share in after-hours trading for the first time ever. The market cap was at $656 billion as well, further evidence that Apple's is currently the most valuable trading stock in the world. Share prices have rose over 65 percent in the last nine months alone, so people who bought stock at the beginning of the year are in a good place right now.
Apple's latest generation of the iPhone will launch this Friday, September 21st. Stocks may even rise above the $700.20 per share of today later this week, provided the media doesn't have too much criticism to give on the device.