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Apple's iPhone is driving the stock to all-time highs, climbing past $700 per share for the first time in the tech giant's history. The company had already claimed the title of most valuable company before it surged past $700, but its close at $701.91 on Tuesday was a high point for the maker of the iPhone. The sky-high numbers came after the company announced it sold more than 2 million iPhone 5s Friday, the first day consumers could pre-order the upgraded smartphone. Apple shares closed at $701.91 Tuesday, up $2.13, or 0.3 percent for the day.
Typical analyst Morelli sounds like an idiot. So, the fastest selling smartphone of last year is outsold faster 100% this year in 24 hours and will probably break the record for most iPhones sold in a quarter - that's clearly a sign consumers want the UI and OS redesigned?bcould this guy be any dumber? By that measure, does he recommend that everyone divorce every 3 years? Or that BMW drop tht silly vertical grill design they've been using for 40 years because he says he thinks it's "tired." or Rolex? Yea, this guy is clearly smarter than us and apple.