The Presidential Daily Brief

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    Apple Is First U.S. Corporation to Crack $1 Trillion Value

    With its stock price rising 3 percent on a strong quarterly earnings report, Apple shares rose above $207 each, so that all 4.8 billion of them combined for a market capitalization of more than $1 trillion. That makes the company the market cap king, as no other publicly traded firm has ever been worth so much, although Amazon may soon join this exclusive club. Analysts credited the smartphone pioneer’s software and services components, like iTunes, the App Store and Apple Pay, which posted a record $9.55 billion in quarterly revenue.

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