Apple Becomes The World's First $700 Billion Company - Parhlo

Apple Becomes The World’s First $700 Billion Company

Shares of Apple closed at $122.02, on Tuesday, a new split-adjusted all-time high for the company.

At this price, the iPhone maker’s market capitalization is estimated to be $705 billion, making it the world’s first company to close a trading session with a market cap above 700 billion dollars.

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At this point in time, Apple is more than twice the size of its rival Microsoft.

Apple sold more than 74 million iPhones and gained a record profit of $18 billion in its fourth quarter. This new record high comes two weeks after the report was released.

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With the latest gains, Apple’s stock is now up more than 60% as compared to the last year.

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And over the decade, Apple is up an astounding 2,000%!

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