Apple’s stock price hit a record high of $1.53 trillion, making it the first U.S. company to reach that mark. MacRumors reports: Market capitalization is simply the share price multiplied by the number of outstanding shares of the company’s stock, yielding the company’s overall stock market value. At a current price of around $352 per share and with roughly 4.3 billion shares outstanding, Apple’s market capitalization is now at around $1.53 trillion. After hitting an all-time high share price in late January, Apple’s stock slid along with the rest of the market amid the global health crisis, with Apple’s share price falling 35% from its peak by late March. A strong and steady recovery brought Apple back up to a fresh all-time high last Friday, and it has continued to gain in recent days.

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Source: Slashdot – Apple Becomes First US Company To Hit .5 Trillion In Market Value