VIDEO: Apple Becomes First U.S. Company To Reach $1 Trillion In Value

By  //  August 2, 2018

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ABOVE VIDEO: Barron’s Senior Editor Jack Hough and Wall Street Journal Editorial Page Deputy Director Dan Henninger on Apple.

(FOX BUSINESS) – Apple reached a $1 trillion market capitalization, with shares climbing above the $207 price point Thursday.

On Wednesday, the company announced that it adjusted its number of shares outstanding, which gave investors the per-share level to hit the milestone.

This makes Apple the first U.S. company to reach a $1 trillion market capitalization. PetroChina reached a $1 trillion market capitalization briefly in 2007. PetroChina is backed by the Chinese government.

The momentum continued for Apple on Thursday, following the company’s latest quarterly earnings reported on Tuesday.

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