Historic! Apple becomes 1st private company worth $1 trillion

apple logo

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. Punch

 

You might also like More from author

Leave A Reply

Your email address will not be published.