Apple woos investors with China gain, market value nears $1 trillion

Apple Inc shares rose 4.4 per cent on Wednesday, after the company calmed Wall Street nerves with an improvement in sales in China and as several brokerages predicted a boost from its services business and the launch of new iPhones in the second half of 2019.

If the gains hold, Apple would be within touching distance of again topping USD 1 trillion in market value, just shy of the world’s most valuable company, Microsoft Corp. Apple had 4.53 billion shares outstanding at the end of last quarter.