Apple stock hits new high after iPhone 5 announcement

The day after Apple announced the iPhone 5, their stock hit a new record high: $685.50. At exactly 1pm EST, the time the event began, Apple’s stock was trading at $661.18 a share. It’s currently at $683.26, as of this writing. The net result of the $22.08 stock hike since 1pm yesterday? As I wrote on my blog:

Before Apple has sold a single iPhone 5, it’s added $20.7 billion to its market cap. You read that right. Apple’s market cap increased from the iPhone 5 announcement 26 hours ago, more than the entire value of Dell ($18.45 billion).

Staggering.

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[Via: MikeBeauchamp.me]