Apple: Very first U.S. firm worth $seven-hundred billion

5 Beautiful Apple Stats

Everything is sunny at Apple ( AAPL , Tech30 ) .

The firm added to its trophy case Tuesday when its price surpassed $ seven hundred billion. That was not just a file for Apple, it was a new record for any U.S. firm.

(Apple briefly touched this valuation in November , but Tuesday marked the very first time it shut at that amount, a far more significant achievement.)

Apple is in a league of its very own. The next greatest company, Exxon Mobil, ( XOM ) is value $ 382 billion.

The inventory rallied following Apple introduced a partnership with First Solar ( FSLR ) on a almost 3,000-acre photo voltaic power farm that will funnel electric power to the tech giant’s places of work in California. That comes on the heels of Apple’s best quarterly earnings at any time in January and the ongoing growth of Apple Shell out.

Outside of that brilliant news, the company had a really productive bond sale previous 7 days, yet another indicator of just how fired up buyers stay about the business.

The inventory shut at an all-time substantial of $ 122 a share Tuesday, and it really is up sixty four% in excess of the past yr. Billionaire hedge fund supervisor Carl Icahn has predicted the stock could go to $ 200 .

When Steve Work handed, there were concerns no matter whether Tim Cook dinner could direct the company. Those worries appear quelled now. CNNMoney rated Cook dinner as CEO of the 12 months in 2014.

CNNMoney (New York) February 10, 2015: 6:00 PM ET

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