Apple shares hit new all-time high as company now valued at $2.4 trillion

After peaking in late January, Apple's shares bottomed in March and since then have quietly formed a base from which it just broke out of on Wednesday.

Closing at $144.57, Apple hit an all-time high during the day at $145.09 setting a new company record thus making Apple the world's most valuable publicly traded company with a value of $2.4 trillion dollars. The 52 week low of $89.14 took place close to a year ago at the peak of the pandemic, Phonearea.com reports.

On August 2nd, 2018, Apple became the first publicly traded firm to hit the trillion dollar valuation mark. Little over a year later, Apple became the first public firm valued at $2 trillion dollars. Over the past year, the stock has risen $49.23 or 51.64%. In late April Apple reported spectacular earnings for its fiscal second quarter with iPhone sales based on revenue up 65.5% on an annual basis, and iPad sales soaring 79% year-over-year based on sales.