Apple’s shares topped $300 for the first time in the company’s history

by Zagros on October 13, 2020

Apple  shares top  $300  a share for first time

NEW YORK  (AP) _  Apple’s  shares topped  $300  for the first time in the company’s history Wednesday as stellar iPad sales and a planned expansion into  China  give investors all the assurance the need for the iPhone maker’s already healthy prospects.

Shares of  Apple Inc.  climbed  $1.60  to close at  $300.14  after peaking at a record  $301.96  earlier. This gives  Apple  a market capitalization of about  $273 billion .  Apple  had long surpassed the scale of tech heavyweights such as  Microsoft Corp. ,  Google Inc.  and  IBM , which also hit an all-time high on Wednesday.

In fact,  Apple’s  market cap is now trails only  Exxon Mobil Corp.  as a U.S. publicly traded company. Exxon’s market cap hovers around  $330 billion . Big-name corporations such as  Wal-Mart Stores Inc.  and  General Electric Co.  don’t even come close.

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