Apple Stock Hits $700 for First Time Ever

Apple finally joined the elite 700-club on Monday.

The company's stock passed $700 a share in after hours trading for the first time in its history. Apple's stock had been teasing the $700 mark in recent days, on the strength of iPhone sales estimates following the company's iPhone 5 announcement last week. The stock opened Monday at $699.33 and dipped down for much of the day before closing at $699.80.

Some analysts have upped their price targets for the company based on the news that Apple will launch the latest iPhone in dozens of countries before the end of this month, helping boost sales for the September quarter.

Apple revealed in a press release Monday that two million iP…
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