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Apple Advances Most in Five Weeks Ahead of Annual Product Launch

  • Three iPhone models expected to be unveiled during event
  • UBS increases its price target on Apple shares to $250
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Apple is expected to announce 3 new iPhone models at tomorrow’s event. Here’s what you need to know #AppleEvent(Source: Bloomberg)

Apple Inc. rose the most in five weeks on heavier-than-average volume as investors piled in on the eve of the company’s annual iPhone introduction.

The shares rallied 2.5 percent Tuesday, increasing the gain since the start of the year to 32 percent. More than 35 million shares changed hands, which is 1.4 times the three-month average. The company is expected to unveil three new iPhone models in Cupertino, California on Wednesday.