Apple Reaches $700 After IPhone 5 Shatters Previous Sales Record

Apple Reaches $700 After IPhone 5 Shatters Previous Sales Record

Peter Foley/Bloomberg

People in line at the Apple Inc. store on Fifth Avenue in advance of the sale of the iPhone 5 in New York, on Sept. 17, 2012. The iPhone 5 is expected to go on sale at stores on Sept. 21.