ADVERTISEMENT

Apple reaches new landmark with US$1tril valuation


Billions of dollars that Apple has been spending to buy back shares was thought to have helped propel the company past the one-trillion-dollar mark for market value. — AFP

Billions of dollars that Apple has been spending to buy back shares was thought to have helped propel the company past the one-trillion-dollar mark for market value. — AFP

NEW YORK: Apple – the culture-changing company behind the iPod, iPhone and iPad – hit another milestone on Aug 2, becoming the first private-sector company to surpass US$1tril (RM4.08tril) in market value. 

Shares of Apple finished the formal Wall Street trading day at US$207.39 (RM846.25), topping the magic number two days after the California tech giant reported strong quarterly earnings. 

Apple

   

ADVERTISEMENT