Apple’s Stock Price Passes $700 for the First Time Ever In After-market Trading
By on September 18th, 2012

After Apple announced that over 2 million pre-orders of the iPhone 5 had been placed within the first 24 hours of availability, AAPL soared past $700 in after hours trading on Monday. The company’s share price has been sailing towards the $700 mark since Apple’s strong third quarter earnings call in July. Around this time last year, Apple was trading around the $400 mark.

Apple continues to be the world’s most publicly traded company. Back in February, AAPL broke the $500 billion market capitalization mark, then through $600 billion in April. Apple is now worth more than $650 billion, which is $225 billion more than second-place ExxonMobil or about one Google. This Friday, the iPhone 5 is set to go on sale in nine countries. Last year, the iPhone 4S was the largest product debut ever for Apple, selling a whopping 4 million in the first three days of availability. Apple is expected to easily surpass this number.

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Author: Parth Dhebar
Parth Dhebar is a 18 year-old entrepreneur. He is the founder of Simple Reviews, a blog focused on reviewing iPhone and iPad applications. Parth is a recognized name in the industry, known for covering Apple news. He is an editor at Techie-Buzz covering news on Apple. You can follow him on Twitter @pdparticle.

Parth Dhebar has written and can be contacted at parth@techie-buzz.com.
 
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