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Apple becomes first U.S. company to hit $1.5 trillion market valuation

June 10, 2020


Apple on Wednesday became the first publicly traded U.S. company to hit a $1.5 trillion market capitalization, with shares of AAPL trading at $352.84 by the end of the day.

The Cupertino tech giant’s valuation crossed the threshold during the day on June 10, before closing at a $1.53 trillion market capitalization by end of trading. Shares of Apple closed at $352.84, up 2% on the day. Market capitalization is the share price multiplied by the number of outstanding shares. By the last count, Apple has about 4.3 billion outstanding shares.

Apple was also the first U.S. company in history to hit a market valuation of $1 trillion — an achievement that it reached in August 2018.

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