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Race is on for second place after Apple's $1 trillion valuation

Updated : August 07, 2018 06:40 AM IST

Wall Street's optimism about last year's 10th anniversary iPhone, coupled with record share buybacks, have propelled Apple's stock 34 percent higher over the past 12 months, pushing the company's stock market value above $1 trillion on Thursday.
The Cupertino, California company's shares added another 0.3 percent on Friday, putting its market capitalization at $1.005 trillion.
Race is on for second place after Apple's $1 trillion valuation

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