Following the announcement of iPhone 5 pre-orders creating a record by surpassing two million units sold, Apple has made history yet again by having their shares reach $700.
AAPL prices had briefly jumped past the $700 mark on Monday, with the company having previously beaten Microsoft’s record share prices before the iPhone 5′s announcement.
Piper Jaffray analyst Gene Munster believes Apple will sell eight million iPhone 5 units during the smartphone’s first weekend of sales, which would double the results from the launch of the device’s predecessor, the iPhone 4S. Munster stressed that the iPhone 5 could then move 10 million unit sales by the end of the quarter.
Apple will launch the iPhone 5 in over 300 stores from the firm this Friday at 8 AM in the US and UK.