The world’s most valued company, Apple, just broke a new record by closing up 0.8 per cent at a record $176.21 on Wednesday. It is now valued at just over $904.72 billion at the close.
Approximately 23.9 million shares exchanged hands, under the 52-week average daily capacity of 28 million shares, report Yahoo Finance, Business Insider, Market Watch
Apple has had a decent couple of months. Its stock is up 52.6% in 2017 so far, and it recently released a sales forecast for its holiday quarter of more than $84 billion in revenues, which would be a record for Apple.
Last week, its earnings crushed Wall Street estimates with Chief Executive Tim Cook said, “I expect this to be the best holiday season yet.”
Apple may be appropriately dignified to become the first trillion-dollar company in the wake of the Friday release of its latest product iPhone X, where the "X" stands for "10".
