Apple hit a record high

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tim cook

REUTERS/China Daily

Apple CEO Tim Cook waves as he attends a talk at Tsinghua University in Beijing October 23, 2014. Apple Inc Chief Executive Tim Cook said the company is planning to open 25 retail stores in China within the next two years, according to a Chinese transcript of an interview posted by web portal Sina.com. Picture taken October 23, 2014.

Apple's stock hit a new record high shortly after the opening bell Friday.

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The stock was trading above $120. The previous high was about $119.

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