Apple’s stock share price exceeds the $700 barrier

[dgstorm]

The above pic was taken on September 18th, 2012 at 1445 Central Time in the United States.​

As expected the iPhone 5 unveiling accomplishing wonders for Apple. Starting this week, Apple’s stock shares broke the $700 barrier as a result of pre-orders for the next generation iPhone reaching a whooping 2 million in just 24 hours.

The iPhone 5 was made available for pre-sale immediately after midnight, on the day of the launch party. Customers were able to find the device and place an order on the official Apple site or on the sites of the partner carriers. The demand broke the record, the previous device installed a year ago:

"iPhone 5 pre-orders have shattered the previous record held by iPhone 4S and the customer response to iPhone 5 has been phenomenal," Philip Schiller, Apple's senior vice president of worldwide marketing, said in a news release Monday morning. "iPhone 5 is the best iPhone yet, the most beautiful product we've ever made, and we hope customers love it as much as we do."

What’s remarkable is that there are only a handful of companies who can brag about having an above $700 share price. Those companies are Priceline, Berkshire Hathaway, NVR Inc and most recently Google.

The initial iPhone 5 deliveries will be kickstarted on the 21st of September in the United States and several European markets, namely France, Germany and the United Kingdom. For the remaining 22 countries on the list, the date has been set for September 28.

By Radu

Source: Apple stock hits $700 for first time in after-market trading

 

[iDan]

Next stop $800.. Any guesses on how long it will take to get there?