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Apple takes the title as world’s first $1 trillion U.S. company

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Apple takes the title as world’s first $1 trillion U.S. company

Apple is officially the world’s first publicly traded United States company to be valued at $1 trillion.

The news comes only a couple days after revealing its strong third-quarter earnings.

The company specifically reached $1 trillion early on Thursday, August 2, when its stock rose almost 3 percent — reaching a high of $207.05 per share.

Predictions that Apple would hit the $1 trillion mark started surfacing in January.

If its share prices continued to climb at the same percentage as they did in 2017, it was inevitable the company would end up at the top spot.

While the Cupertino, California, giant is the first to reach $1 trillion, it likely won’t be the last.

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