On Monday, Apple became the first company in US history to reach a historic $800 billion market capitalization, just over two years after it crossed the previous $700 billion threshold. Despite our longstanding criticisms, it remains the world?s most valuable publicly traded company after earnings.
The scene on Wall Street yesterday was one marked by a 4.05 percent increase in Apple shares as investors weighed the possibility that the fruit-themed toymaker could become the first in US history to be valued over $800 billion. In the afternoon, the company?s shares hit a high of $153.70 and dipped back down to $153 before closing, up 2.7 percent. Since the beginning of 2017, Apple?s shares have risen 29 percent, leading some industry watchers to believe that the company could be worth $1 trillion within the next year.
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