updated 04:45 pm EDT, Mon September 17, 2012
iPhone 5 may be propelling shares to all-time high
Apple stock is flirting with the $700 mark in after-hours trading, according to NASDAQ data. The stock closed at about $699.78, and a slight fluctuation quickly helped it reach the $700 level. Since then however, the stock has been repeatedly dipping below the milestone only to top it again.
Apple shares have surged in recent days, helped by an announcement of the iPhone 5 on September 12th. Today the company revealed that it sold over 2 million preorders in 24 hours, likely inspiring still more confidence in investors. Another boost will probably hit after the 5's launch weekend, assuming Apple lives up to analyst expectations and sells at least 5 million units.