Following Early Success Of iPhone 5, Apple Stock Hits Record High Of $700 Per Share

Following Early Success Of iPhone 5, Apple Stock Hits Record High Of $700 Per Share

AAPL continues to rise into uncharted territory.

Apple stock has been climbing rapidly towards $700 per share since the iPhone 5 was announced Wednesday, September 12th. Now, less than a week after the announcement from Apple, AAPL has hit $700 in after hours trading, marking an all-time high.

Despite iPhone 5 naysayers, Apple remains the most valuable company in the world by a large margin.

Following Early Success Of iPhone 5, Apple Stock Hits Record High Of $700 Per Share

AAPL has been teetering back and forth at the $700 mark since the market closed this afternoon.

This morning Apple issued a press release saying that the iPhone 5 had sold two million pre-orders during the first 24 hours of availability. That’s double the amount of first day pre-orders for the iPhone 4S, and Wall Street is expecting Apple to sell 8-10 million units this upcoming weekend.

If rumors are to be believed, AAPL has only one way to go right now: up. Apple is expected to host an October media event in the coming weeks where it will unveil the rumored iPad mini, a smaller, cheaper device that’s expect to cannibalize the rest of the tablet market.

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  • MattBlackWriter

    Maybe I should have jumped on that train back when it was under $100. Sheesh…

  • Mikael Hansen

    Maybe I should have jumped on that train back when it was under $100. Sheesh…

    I bought it when it was 320$, but I needed the money, so I had to sell.
    But bought it back at 605$, and thats just about 40-50 days ago :D

  • HerbalEd

    Don’t keep wishing you’d bought it in the past. Buy it now! Otherwise you’ll be saying later, “I wished I’d bought it when it was at $700.”

    I have a friend who’s been saying “I wish I’d bought it …” when it hit $100, then $200, then $300, etc., etc.

    Meanwhile I bought shares when it was at $56/share. I LOVE you AAPL.

About the author

Alex HeathAlex Heath has been a staff writer at Cult of Mac for three years. He is also a co-host of the CultCast. He has been quoted by places like the BBC, KRON 4 News, and books like "ICONIC: A Photographic Tribute to Apple Innovation." If you want to pitch a story, share a tip, or just get in touch, additional contact information is available on his personal site. Twitter always works too. All DMs excepted.

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