No real surprises here, but Cupertino based tech company Apple is now the first publicly traded US company to be valued at $1,000,000,000,000!
CNN Money reports, “The iPhone maker achieved that big number on Thursday when the stock passed $207.04 a share. Its new all-time high is $208.38. Apple is now up more than 20% this year.
Shares surged after Apple reported earnings that topped forecasts and a healthy outlook on Wednesday.
Even though some think Apple () needs a new product to keep sales and profits booming, Apple has rallied past the trillion level thanks to solid sales of the iPhone 8 and X — particularly in China and Japan — and surging services revenue from the App Store.”