Apple becomes first company in history worth over $700 Billion

SAN FRANCISCO — After shares rose 1.9 percent on Tuesday, Apple’s closing price gave it a market value of $710.7 billion, which makes it the first-ever U.S. company to close at over $700 billion.

 On Tuesday he was sitting on stage being interviewed by Goldman Sachs President Gary Cohn when Apple became the first U.S. company to close at more than $700 billion in market value. Apple chief executive Tim Cook, on Tuesday while speaking at the Goldman Sachs Technology & Internet Conference commented on the remarkable achievement of Apple.

He said, 'We've taken (the mobile operating system) iOS and extended it into your car, into your home, into your health. All of these are really critical parts of your life.' 'We want one seamless kind of life. 'And so, I think that is huge for our future, We also did a lot of things to further our global footprint. And so, if you look at what we've done in China, we've opened more stores there.

 'We've opened a lot more distribution there. Through the world, we've opened almost 20,000 new points of sale. 'We've opened 27 new Apple Stores, lot of flagship stores.'

 Apple's new worth is almost two times the next largest company in the United States, Exxon Mobil, which is worth about $382 billion at the market close. Apple sold about 74.5 million iPhones, and this helped in it's $74.6 billion quarterly profit it made.

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