NEW YORK (
(AAPL - Get Report) shares gained 0.82% to reach $696.95 before market open on Monday, buoyed by massive demand for the new iPhone 5.
In a statement, the tech giant said the iPhone 5, which became available for pre-order on Friday, has
shattered its previous iPhone record. iPhone 5 pre-orders topped 2 million in the first 24 hours that the phone was available, according to the statement, with demand exceeding supply.
Apple was also one of the most active premarket Nasdaq stocks on share volume of 242,095.
Also on Monday,
(T - Get Report), one of Apple's key telecom partners, said that the iPhone is its
fastest selling iPhone ever.
AT&T shares slipped 0.08% to $37.23 before market open on Monday.
(FB - Get Report)
was a major gainer, rising 3.14% to $22.69. The social networking phenomenon was also the most active premarket Nasdaq stock on share volume of 965,265.
--Written by James Rogers in New York.
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