Aug 2, 2018

Apple is first public company worth $1 trillion

Apple has become the world's first public company to be worth $1 trillion on Thursday. The iPhone maker's market capitalisation reached the figure in afternoon trading in New York as its shares rose above $207. The stock has risen about 9% since Tuesday when it reported better than expected results for the three months to June. Apple's stock has risen more than 50,000% since it first listed in 1980. That compares with a 2,000% rise for the S&P 500 in the same period.

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