Apple Stock Hits $700 For The First Time

Posted: Sep 18 2012, 9:23am CDT | by , in News | Apple

Apple Stock hits $700 for the First Time

Apple's Stock traded for the first time over $700 today on NASDAQ.

As reported yesterday, 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 scratched the $700 mark in early trading yesterday. It did not go over $700 in regular trading hours, but hit $700 in after hours. Today AAPL jumped briefly over $701. At the time of writing the stock trades under $700 again.

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.

Disclaimer: I own Apple Stock.

This story may contain affiliate links.


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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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