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Apple stocks hit record high

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A big day for Apple – prices for shares hit all-time highs on Tuesday. (Source: CNN) A big day for Apple – prices for shares hit all-time highs on Tuesday. (Source: CNN)

(CNN) – Things are looking pretty peachy for Apple.

The stock for the tech giant closed Tuesday at $100.53 per share, which set an all-time record for the company, although stock traded for over $700 per share that included a stock split.

Analysts say that meant the shares were, in effect, actually worth about $100.30 per share.

The iPhone is to thank for this windfall, according to analysts.

Sales of that phone shot up 13 percent from the prior year, and the upcoming iPhone 6 is expected to be a huge seller.

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