Apple’s financial success continues to grow as it hit a $1 trillion market cap this morning.
As reported by CNBC, Apple’s stock value rose almost 3 percent after an exceptionally strong third-quarter earnings report issued earlier this week. Apple stock rose past $207 per share briefly, but has since dropped into the $206 range. With an outstanding share count of 4,829,926,000 this brief price increase managed to push their value into the tredecuple digits.
Apple is the first publicly traded company in the U.S. to reach this record valuation, but Amazon is also on its way to hitting that magic $1 trillion number, as its shares surpassed $900,000,000,000 in value last month.
Source: IGN.com Apple hits trillion in market value