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Apple Stock Tops $600 Day Before New iPad Release

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NEW YORK (AP) — Apple Inc.’s stock has touched $600 for the first time, the day before the company’s latest iPad goes on sale.

The stock reached $600.01 just after the market opened and is now at $597 in the first half-hour of trading.

Apple’s market capitalization is now nearly $555 billion. It topped $500 billion for the first time in late February, a market value peak where few companies have ventured.

Anticipation is high for Apple’s latest creation. Some industry experts believe the Cupertino, Calif., company could sell 1 million of the new iPad on Friday, when it becomes available to the public. Apple has already stopped taking advance orders for Friday and said customers should expect a two- to three-week wait for purchases made through its online store.

(Copyright 2012 The Associated Press.)

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