That's nuts!! ... it's predicted that Apple will become the first $1 Trillion dollar company within the next 2 years.

"Apple shares closed at a record high of almost $700 as the firm received two million pre-orders for its newly unveiled iPhone 5. Most will be delivered to stores later this week, but due to high demand, some customers will not receive their new handsets until October, Apple said.

The latest model - taller, lighter and 4G-enabled - was launched in San Francisco last week. Apple shares ended $8.50 higher at $699.78, a gain of 1.23% on the day.

Its shares have risen more than 70% since the start of the year. "The customer response has been phenomenal," said Philip Schiller from Apple. The previous record for pre-orders was for the iPhone 4S, which got one million in the first 24 hours, compared with the relatively modest 600,000 pre-orders for the iPhone 4."

Source: BBC

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