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Shares of Apple Inc have jumped after the company posted quarterly results that beat out Wall Street targets while forecasting revenue above expectations in the current quarter. The immediate spike in shares was not enough, however, to make Apple the first company to be valued at one trillion, but the company has come very close to that moniker and continued growth in future quarters could potentially push it over that line. Apple’s postings showed that the average iPhone sold cost $724, far outweighing previous expectations that the average price would come in at $694, according to the data providing service FactSet.
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