Apple’s $1 trillion share cost threshold

Investors had previously been looking for a share cost of $203.45 to hit the record market cap.

Shares of Apple gained more than 5 percent Wednesday after a strong quarterly report in addition to big beats on earnings per share, software in addition to services revenue, in addition to average iPhone selling cost.

The stock ended trading Wednesday at $201.50.

The surge gave Apple a considerable lead over e-commerce giant Amazon from the race to become the first publicly traded U.S. company worth $1 trillion.

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