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Apple stock jumps over $700 per share, thanks to iPhone 5 fever

Apple shares pass $700 per share, has now joined the $700 club
| Business, Financial & Legal News | Posted: Sep 18, 2012 12:54 am

Apple's shares traded over $700 per share today, joining just a few other companies in the scotch-and-cigar $700 club, like Google. The Cupertino-based company enjoyed the elevated share prices due to the huge demand for the iPhone 5.

 

apple_stock_jumps_over_700_per_share_thanks_to_iphone_5_fever_01

 

Considering Apple sold 2 million iPhone 5's in just 24 hours - it's no surprise their share prices surged. Apple also opened at another all-time high this morning, with their market cap expanding to $656 billion.

 

Do you think we're going to see Apple's share prices go much higher this year? Do you think we'll see $750? More? We've still got some news to come from the company, we should expect the announcement of the iPad mini, refreshed iMacs, and more.

NEWS SOURCES:Techcrunch.com

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