When Apple (AAPL) CEO Tim Cook takes the stage Wednesday in San Francisco, presumably to introduce the world to the iPhone 5, everyone knows what's going to happen.
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NEW YORK (AP) — Apple says first-day pre-orders of the iPhone 4S topped 1 million in just 24 hours, breaking the record set by last year's model.
Apple Inc. and various phone companies started taking orders for the phone last Friday. It hits stores this Friday.
First-day orders for the iPhone 4 were 600,000 when it launched last year. It was then sold in the U.S. only by AT&T Inc. The iPhone 4S is also sold by Verizon Wireless and Sprint Nextel Corp.
The base model of the iPhone 4S costs $200 with a two-year contract. It has a faster processor and an improved camera compared to last year's model.
Apple shares rose $9, or 2.4 percent, to $378.80 in premarket trading Monday
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