Apple is the first U.S. company to close with a market cap higher than $700B

Apple Australia

Apple’s presence is a powerful one, whether it’s just within the consumer electronics segment or within Wall Street as its market share continues to flourish.

As announced by CNBC on Tuesday, February 10, Apple has become the first company in the United States to close the day with a market cap higher than $700B. In November 2014, Apple broke its own records when its market capitalization surpassed $660 billion, and that trend continued well into 2015.

Apple’s market cap hit a record high of $710.70 billion, which rallied upwards after Apple had announced the major partnership with First Solar.

Recently, Apple’s CEO Tim Cook spoke at the Goldman Sachs Technology and Internet Conference, where he revealed that the company had made an $850 million investment into a giant new solar farm in California, which would power the entirety of Apple’s buildings within the state.

[via CNBC]

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