Apple buybacks weigh on drive towards $1 trillion value

By Akanksha Rana (Reuters) - Apple Inc shares rose more than 6 percent on Wednesday, pushing the iPhone maker's market valuation back towards $1 trillion as its quarterly report and upbeat forecast calmed investors worried about slowing growth. The Cupertino, Calif.-based company has been jockeying with Microsoft Corp and Amazon.com for the title of most valuable U.S.

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