Apple Stock Crosses $700 Per Share After Hours On The Strength Of iPhone 5

Apple joined the?illustrious?$700 club today in after-hours trading. The list of stocks that have traded at or above that price per share includes only a few select companies, such as?Google, which passed that mark earlier in September. The?share price?was likely driven up first by strong response to its opening of iPhone 5 pre-orders last Friday, and then by the news today that in fact, the company had?sold 2 million iPhones in its first 24 hours?of pre-order availability, twice the number of iPhone 4S devices that sold in the same period. Apple had already opened at an all-time high this morning, and its market cap is now sitting?at around $656 billion.

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