Apple has set a record on Wall Street: It’s the first U.S. company to be worth more than $700 billion based on the value of its stock at the close of trading Tuesday.<\/p>\n
That’s almost twice the value of the next biggest company, oil giant Exxon Mobil.<\/p>\n
Apple shares rose almost 2 percent Tuesday, closing at $122.02, which gave the company a market value of more than $710 billion.<\/p>\n
Apple Inc., which has reported record sales and profit in recent quarters, has crossed the $700 billion line before in the course of daily trading. But Tuesday was the first time any U.S. company finished the day above that line.<\/p>\n
Exxon Mobil Corp. saw its shares fall by 0.6 percent Monday and closed with a value of about $385 billion.<\/p>\n
In late January, Apple broke a global profit record by posting an $18 billion profit for the quarter ended 27 December.<\/p>\n
It is\u00a0the largest ever quarterly profit reported by a public company.<\/p>\n
Apple to offer Beats music service<\/a><\/strong><\/p>\n Apple users at risk for hacking<\/a><\/strong><\/p>\n Your Apple devices may be vulnerable to attacks<\/a><\/strong><\/p>\n