Apple ascendant
Apple Inc., a week after reporting record sales and profit, surpassed $400 a share for the first time and is gaining ground on Exxon Mobil Corp. to become the world’s most valuable company.
The shares rose $4.91 to $403.41 yesterday.
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The shares are up from a split-adjusted $5.48 on Sept. 16, 1997, the day Jobs returned after his 1985 ouster.
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