Join Now

Apple Becomes First U.S. Company to Top $800 Billion Value

Wednesday - 10/05/2017 22:51
Shares have climbed 33 percent this year, helped by buybacks

Apple Inc. became the first U.S. company with a market value of more $800 billion as investors bet the next iPhone will spur a resurgence in sales.

The stock rose 1 percent Tuesday to close at $153.99 in New York, giving it a market capitalization of about $803 billion. The shares have gained 33 percent since the start of the year, helped by a buyback program that Chief Executive Officer Tim Cook extended to total $210 billion last week, from $175 billion last year.

Read More (...)

Source: Bloomberg:

Total notes of this article: 0 in 0 rating

Click on stars to rate this article

  Reader Comments

Newer articles

Older articles

Disclaimer

©2018 VidoStream. All Rights Reserved.
Registration on or use of this site
constitutes acceptance of our
Terms of Service and Privacy Policy.

Archives

T2
T3
T4
T5
T6
T7
CN
Top
You did not use the site, Click here to remain logged. Timeout: 60 second