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Apple shares hit new high after record iPhone 5 pre-orders
The dumbest thing about the iPhone 5
The dumbest thing about the iPhone 5
Justin Sullivan/Getty Images
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fter Apple announced on Monday that it had sold a record 2 million iPhone 5 units during the first 24 hours of pre-ordering, the company's stock price hit an all-time high of $700 a share in after-hours trading. Shares continued to hover near that mark on Tuesday. Apple's stock is up 6 percent since the day before the company unveiled its latest generation iPhone.

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