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Apple closes at all-time high share price, now valued at more than $710 billion

The financial news for Apple just keeps getting better every day. Today shares of Apple closed at a record price of $122.02 (up 1.09 percent), giving the Cupertino company a market capitalization of more than $710 billion (numbers from Apple’s iPhone Stocks app)

Just to give you an idea of how big that news is, Apple is the first US company to record a valuation of over $700 billion. By comparison, here are the market caps for some other companies you may have heard of:

Google: $365.2 billion
Microsoft: $349.5 billion
Exxon Mobil: $382.3 billion
Amazon: $173.2 billion
AT&T: $180.8 billion

The news comes after Apple CEO Tim Cook spoke at the Goldman Sachs Tech conference this afternoon, saying that:

“We don’t believe in such laws as laws of large numbers. This is sort of an old dogma that was cooked up by somebody. Steve (Jobs) did a lot of things for us over many years but one of the things he ingrained in us is that putting limits on your thinking is never good.”

the authorSteve Sande
Steve is the founder and former publisher of Apple World Today and has authored a number of books about Apple products. He's an avid photographer, an FAA-licensed drone pilot, and a really bad guitarist. Steve and his wife Barb love to travel everywhere!
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