Apple Stock Becomes First To Reach A Trillion Dollars

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Apple just became the first American public company to cross $1 trillion in value.

The iPhone maker achieved that big number on Thursday when the stock passed $207.04 a share. Apple is now up more than 20% this year.

Shares surged after Apple reported earnings that topped forecasts and a healthy outlook on Wednesday.

Even though some think Apple (AAPL) needs a new product to keep sales and profits booming, Apple has rallied past the trillion level thanks to solid sales of the iPhone 8 and X — particularly in China and Japan — and surging services revenue from the App Store.

Read more at CNN.

{Matzav.com}

1 COMMENT

  1. Fake news. It means NOTHING to the average investor.
    How come we don’t hear from all those day-trader chachomim who used to harass us to join them for an unbelievable parnasa? Huh? Idiots.

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