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Apple has set a record on Wall Street as the first US company to be worth more than 700 billion dollars (£460.5bn) based on the value of its stock at the close of trading - almost twice the value of the next biggest company, oil giant Exxon Mobil.
Apple shares rose nearly 2% last night, closing at 122.02 dollars (£80), which gave the company a market value of more than 710 billion (£467bn).
Apple, which has reported record sales and profit in recent quarters, has crossed the 700-billion line before in the course of daily trading, but yesterday was the first time any US company finished the day above it.
Exxon Mobil saw its shares fall by 0.6% and closed with a value of about 385 billion dollars (£253bn).