(NEW YORK) — Not that long ago $400 was considered by some to be too high a price to pay for Apple stock, but now that seems like a bargain as the stock closed on Tuesday above $700 for the first time — $701.91 to be exact.
The company’s stock has been on an upward march since rumors of a new iPhone 5 started.
Now the iPhone 5 is here, there were more than two million pre-orders in the first 24 hours, and the stock price has hit another milestone.
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Susie East, CNN
Sara Weber, Deseret News
David Goldman, CNN
Jethro Mullen Ivana Kottasova and Patrick Gillespie, CNN