Apple Becomes the 1st Private Company to Hit $1 Trillion

Apple Becomes First Private Company Worth $1 Trillion

FACT: APPLE BECAME THE FIRST PRIVATE COMPANY TO SURPASS $1 TRILLION IN STOCK MARKET VALUE THURSDAY FOLLOWING ITS LATEST 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-day 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 outstanding.
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