Sections

Apple shares hit $700 after hours

iPhone 5 pre-order news gives company a stock market boost

The release of the iPhone 5 has helped Apple into an exclusive club of companies who have traded at over $700 per share.

Apple opened at a record high when trading started in the US yesterday, and hit $701.70 after hours. It currently stands at $699.78 per share, with a market cap of $655.98 billion.

Apple's announcement that it had sold 2 million iPhone 5 pre-orders in the first 24 hours of availability won't have hurt the share price. The new device, which costs over 500 for the basic model, is set to go on sale on September 24.

Related stories

Apple readying AR headset for 2020 - Report

iPhone maker working on custom chip and rOS for new headset, using HTC Vive to test projects

By Brendan Sinclair

Apple asked to remove Philippines drug war games from App Store

Anti-drug organisation ANPUD demands an apology from Apple for handling "insensitive content"

By Matthew Handrahan

Latest comments

Sign in to contribute

Need an account? Register now.