Apple’s market cap comes up just short of $900 billion at the open

Apple Inc. was within $5.2 billion of becoming the first $900 billion company by market capitalization in the first minute after the open, before the technology giant’s stock pared some gains. Apple said in its annual 10-K filed Friday morning with the Securities and Exchange Commission that it had 5,134,312,000 billion shares outstanding as of Oct. 20, down from 5,165,228,000 shares outstanding as of July 21, according to the fiscal third-quarter 10-Q filing. At the stock’s all-time intraday high Friday of $174.26, Apple’s market cap was $894.71 billion. It would take a $7.18, or 4.3%, gain Friday to $175.29 for Apple to reach the $900 billion market. Teh stock has las up $3.4, or 2.2%. It has run up 48% year to date, while the Nasdaq Composite has climbed 25% and the Dow Jones Industrial Average has gained 19%.

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