Apple Needs to Rise Just 2 More Dollars to Reach a Trillion-Dollar Market Cap
The unprecedented milestone for a public company is now within arm's reach for Apple, following an impressive earnings beat on Tuesday.
It's getting so, so close.
Following an impressive earnings report on Tuesday, shares of tech giant Apple Inc. (AAPL) - Get Report rose almost 6% to $201.50 on Wednesday, a new record closing high that puts it within spitting distance of being the first public company to ever achieve a stock market valuation of a trillion dollars.
With 4.915 billion shares currently outstanding, according to FactSet, Apple just needs to rise just under $2 to $203.56 to achieve the landmark valuation. Its current valuation stands at about $990 billion.
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