Apple on Tuesday became the first company to reach a market value of $700bn after the company’s shares rose 1.9 percent to close at $122.02.
Apple chief executive Tim Cook, speaking at a conference in San Francisco, said Apple was hitting its stride.
“We’ve taken [the mobile operating system] iOS and extended it into your car, into your home, into your health. All of these are really critical parts of your life,” Cook said.
“We want one seamless kind of life. And so, I think that is huge for our future…We also did a lot of things to further our global footprint. And so, if you look at what we’ve done in China, we’ve opened more stores there. We’ve opened a lot more distribution there,” he added.
“Through the world, we’ve opened almost 20,000 new points of sale. We’ve opened 27 new Apple Stores, lot of flagship stores.”
