Reuters: Apple shares hit record

stocks

Shares of Apple Inc touched the $200 mark for the first time and neared a $1 trillion valuation on Wednesday, after the company forecast blowout current-quarter sales and analysts said a September launch of new iPhones set the stage for sustained growth.


The company’s shares rose as much as 5.7 percent to a high of $201.32 in early trading – within striking distance of the $206.49 mark that will give it a trillion-dollar valuation. Including Wednesday’s gains, the stock has risen 17.5 percent this year.

Apple forecast revenue of $60 billion to $62 billion for its fiscal fourth quarter, beating the $59.6 billion analysts had expected, according to data from Thomson Reuters I/B/E/S.


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