Monday, September 17, 2012

Apple closes at a record $699.78

Apple, AAPL, Fortune, iPhone 5

FORTUNE -- Apple (AAPL) share price shot right up to a record $699.78. They said pre-orders of its iPhone 5 topped 2 million units in one day, more than double the sales record set by the previous model of the device.

Although the stock is up nearly 75% over the past 12 months, the company is still relatively cheap by the standards of the S&P 500.

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