Tim Cook must be smiling right now
Apple stock surged nearly 8% in early trading Wednesday to just under $118 a share, on a split-adjusted basis, after crushing analyst estimates across the board with its holiday quarter results. That gain effectively added about $50 billion to the company's market cap overnight, and pushed it closer to the $700 billion mark.
Just that increase in Apple's market cap is about twice the total market cap of Twitter and $5 billion to $10 billion more than the valuations of hot startups like Uber and Xiaomi Read more...
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