NEW YORK CITY: Apple became the first company to reach a market value of $700 billion on Tuesday (Wednesday in Manila) as shares vaulted amid upbeat news on the US tech giant’s gains in the smartphone market and soon-to-arrive smartwatch.
Shares rose 1.9 percent to close at $122.02, lifting Apple’s market value to $710 billion, and making it the first company to hit the $700 billion milestone.
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