Apple stock traded above its all-time closing high on Monday morning, reflecting enthusiasm for the coming 10-year-anniversary iPhone.

The tech giant's shares hit $133.42, trading above their record close of $133 from February 2015. And they are inches away from their all-time intraday high of $134.54, set in April 2015.

Shares of the $700 billion company are up about 41% in the past 12 months, and more than 9% since Apple pulled back the curtain on its latest earnings report on Jan. 31 to reveal an end to a three-quarter streak of declining revenue.

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