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Apple Stock scratches $700 amidst iPhone 5 Sales Record News

Sep 17 2012, 8:32am CDT | by , in News | Apple

Apple Stock scratches $700 amidst iPhone 5 Sales Record News

Apple announced a stunning iPhone 5 sales record.

As reported earlier, Apple set a new iPhone sales record. The company sold 2 million iPhone 5 in the first 24 hours of the pre-order. This is double the sales Apple reached with the iPhone 4S last year in the first 24 hours. The Apple stock jumped over $7 and is scratching the $700 mark in early trading. Several analysts see the AAPL stock reach $1,000 at the end of the year or early next year.

The iPhone 5 will go on sale on Friday at 8am in stores. The iPhone 5 is set to break all iPhone sales records in the coming months. According to an early Geekbench performance report the new iPhone 5 A6 CPU is making it the fastest smartphone on the market.

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