By John Glenday

Apple has become the largest company in American history after it achieved a valuation of $700bn on Wall Street, more than double its closest rival, oil producer Exxon Mobil which is valued at just $385bn.

The tech firm’s latest growth spurt saw its share price nudge 2 per cent higher yesterday to close at $122.02, valuing the firm at $710.7bn.

It is the first time any US firm has managed to punch through the $700bn ceiling at the close of a day’s trading and comes as the Californian giant posted record quarterly profits of $18bn in the final three months of 2014, Read full story ›

Source: The Drum