Apple Shares Hit $700

In case you were wondering, Apple is still doing well. Apple stock hit $700 for the first time, setting a new record for the company. The shares went as high as $701.44 on Tuesday, up a quarter of a percent from Monday’s close, but later fell. The rally put the company’s value at $656 billion—more than any other public company has ever been worth. The news came a day after Apple announced that more than 2 million preorders had been placed for the new iPhone in just 24 hours.