Apple Stock Hits New Highs. A $2 Trillion Market Cap Is Within Reach.

Business news

One day after reporting June quarter results, Apple (ticker: AAPL) stock surged 6.9%, and appeared to be headed for its first-ever close above $400. The stock won’t stay there for long, though: The company Thursday declared a 4-for-1 stock split, effective August 31. A big revenue beat: Apple had $59.7 billion in sales in the quarter, up 11% from a year ago, and beating consensus by $7.6 billion.

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