Home Technology Apple Becomes First Private Company Worth $1 Trillion

Apple Becomes First Private Company Worth $1 Trillion

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Apple Becomes First Private Company Worth Trillion

Apple became the first company to surpass $1 trillion in stock market value Thursday following its 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- 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 .

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