Apple Becomes First Private Company Worth $1 Trillion

Apple Becomes First Private Company Worth $1 Trillion
Apple Becomes First 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.