As Apple Claws Toward $1 Trillion, Ghost of Past Giants Haunt It

As Apple Claws Toward $1 Trillion, Ghost of Past Giants Haunt It

Apple Inc. may not have surpassed $1 trillion in market value in the wake of this week’s solid results, but it remains the world’s biggest company — for now. The iPhone maker’s shares jumped to $201.50 on Wednesday, leaving it about $27 billion short of the milestone, based on currently reported shares outstanding. Apple has now spent seven years as the largest firm on Earth, trailing only General Electric Co. for time at the top.

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