Apple Becomes 1st Private Company Worth $1 Trillion
Apple became the first private company to surpass $1 trillion in stock market value Thursday following its latest surge after reporting strong quarterly earnings.
Shares of Apple briefly hit $207.05 in late-morning trading, before retreating somewhat. The gains came after the iPhone maker reported strong earnings late Tuesday that prompted a two-day rally in the share price.
The company’s stock was at $205.98, up 2.2 percent near 1555 GMT. Apple said it currently has 4.83 billion shares outstanding.
(AFP)
