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Apple first company to be worth over US$700b

Published Wed, Feb 11, 2015 · 09:50 PM

New York

APPLE became the first company to reach a market value of US$700 billion on Tuesday as shares vaulted amid upbeat news on the US tech giant's gains in the smartphone market and soon-to-arrive smartwatch.

Shares rose 1.9 per cent to close at US$122.02, lifting Apple's market value to US$710 billion, and making it the first company to hit the US$700 billion milestone.

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