Apple Shares Hit $700
Shares in technology giant Apple (NAS: AAPL) reached $700 in after-hours trading, nearly double its 52-week low of $354.24, as the company announced that it sold more than 2 million units of the new iPhone 5 in 24 hours. Shares are up 20% for the quarter and nearly 75% for the year -- run of the mill for a company that has seen its shares increase nearly 100 times over since a low of $7.07 in 2003.
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The article Apple Shares Hit $700 originally appeared on Fool.com.Fool contributorJohn Divineowns shares in Apple. You can follow him on Twitter,@divinebizkid, and on Motley Fool CAPS,@TMFDivine.The Motley Fool owns shares of Apple.Motley Fool newsletter serviceshave recommended buying shares of Apple and creating a bull call spread position in Apple. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days. The Motley Fool has adisclosure policy.