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Apple Stock Hits All-Time High

Analysts predict the company is preparing to launch a new product.

 

Apple's stock closed at an all-time high Monday -- $665.15, up $17.04 from Friday's close.

The stock surged as investors speculate about the possible launch of the iPhone 5, or a cheaper iPad, or a TV set

The company has not commented on the rumors.

Apple has been the world’s most valuable company since last year. At Monday’s close, it was worth $624 billion.

 

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