Apple Inc. First US Company to Reach $1 Trillion

Apple Inc. First US Company to Reach $1 Trillion

Apple Inc. on Thursday became the first U.S. company to surpass $1 trillion in market value, underscoring the iPhone maker’s explosive growth and its role in the technology industry’s ascent to the forefront of the global economy and markets.

Shares of the world’s most valuable public company climbed above $207.04, making it worth $1 trillion overall. The stock has risen more than 21% so far this year, its latest rally coming after it reported strong revenue and profit gains Tuesday as demand for high-price iPhones remained resilient and sales from the app store and other services hit all-time highs.

 

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