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Apple Stock Closes Above $700

Hemera/Thinkstock(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.
 
Copyright 2012 ABC News Radio

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