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Published: Wednesday, 10/13/2010

Apple stock sets record by finishing above $300


SAN FRANCISCO — Apple Inc. shares hit a new milestone Wednesday, first rising and then closing above $300 for the first time as investors appeared to be banking on more success from Apple's hit iPad and iPhone 4 products.

Shortly after trading began, the shares breached the $300 level and ended the day with a gain of $1.60 a share to close at $300.14. Apple's stock has surged by more than 40 percent so far this year.

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