Apple has just become the first $700 billion company in the U.S. The company's shares closed up at $122.02 today, giving it a market cap of $ 710.736B, according to Yahoo Finance.
It had crossed $700 billion during intraday trading in the past but never managed close above that level until today.
Apple CEO Tim Cook was congratulated on the achievement during a live audio stream from the Goldman Sachs Technology and Internet Conference.
The company's stock has soared since it announced Q4 2014 earnings. It posted record quarterly revenue of $74.6 billion and record quarterly net profit of $18 billion, or $3.06 per diluted share.
Take a look at the chart below for more details....
It had crossed $700 billion during intraday trading in the past but never managed close above that level until today.
Apple CEO Tim Cook was congratulated on the achievement during a live audio stream from the Goldman Sachs Technology and Internet Conference.
The company's stock has soared since it announced Q4 2014 earnings. It posted record quarterly revenue of $74.6 billion and record quarterly net profit of $18 billion, or $3.06 per diluted share.
Take a look at the chart below for more details....