NEW YORK (AP) — Apple's stock has reached $700 for the first time, setting a record for the company the day after it announced that orders for its iPhone 5 topped 2 million in the first 24 hours.
The shares hit as high as $701.44 in morning trading Tuesday, up a quarter of a percent from Monday's close. It later fell.
The rally in its stock price puts its value at $656 billion, more than any public company has ever been worth, if one ignores inflation.
The Cupertino, Calif., company started taking orders for the iPhone 5 last week. Apple now says that while most orders will be delivered on Friday, demand for the iPhone 5 exceeds the initial supply. That means some of the devices will be delivered in October.
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Right on cue, Thursday’s early winter storm dumped snow and ice on the Wabash Valley but county highway crews were a step ahead of the weather’s arrival pre-treating the 897 miles of pavement in the county.
A fire has engulfed the First Prairie Creek Church in Vigo County.
A four car accident in eastern Vigo County leaves one person dead.
Workers at a new eatery in Terre Haute are preparing to open.
Otter Creek Township is on its way to getting a new fire station.
Knox County Commissioner Don Halter is ahead of the game when it comes to winter weather preparedness. But the man-power may have a hard time running full throttle. The Knox County highway budget took big cuts in 2013.