Apple gets closer to $1 trillion

APPLE was last night edging closer to becoming the world’s first trillion-dollar company as its shares hit record highs.

The US tech giant was up 1.4pc after markets opened yesterday, breaching the $190 (£140) mark for the first time.

Most analysts believe its shares would need to reach around $194 (£143.45) to be worth $1trillion.

It was yesterday valued at about $960bn (£710bn) overall – it has gained about $74bn (£54.7bn) since the start of the year.

The rally comes after Wall Street titan Warren Buffett gave it a ringing endorsement. It also stunned Wall Street with results that were better than expected, even as iPhone sales slowed.