Tech
Apple becomes 1st private company worth $1 trillion
Apple became the first private company to surpass $ 1 trillion in stock market value Thursday following its latest surge after reporting strong quarterly earnings .Shares of Apple briefly hit $ 207 . 05 in late -morning trading , before retreating somewhat . The gains came after the iPhone maker reported strong earnings late Tuesday that prompted a two – day rally in the share price .
The company ’ s stock was at $ 205 . 98 , up 2 . 2 percent near 1555 GMT . Apple said it currently has 4 . 83 billion shares outstanding .
( AFP )
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