Apple stock hits $600 ahead of new iPad launch

Shares of Apple stock briefly jumped above $600 shortly before the market opened on Thursday as investors anticipate the launch of the new iPad. Apple’s iPad, which is already available in Australia, launches in preliminary markets at 8:00 a.m. local time. The tablet features a new high-resolution 2,048 x 1,536-pixel Retina Display, a faster dual-core Apple A5X processor, an upgraded 5-megapixel camera and an option for integrated 4G LTE connectivity. Shares of Apple stock had dipped back below $600 at the time of this writing.

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