Apple stock reaches new all-time high of $700

Following a very successful weekend of pre-orders for the next-generation iPhone 5, Apple’s stock reached a new all-time high in after hours trading today, surpassing $700. Apple has been the most valuable public company in history for the past couple of months now, and today’s mark only increases that margin. Apple’s stock has been increasing at a rapid pace since the company announced record earnings for previous quarters this year.