Apple again close to $1trn despite iPhone slowdown

Shares of Apple rose over 4% after the company calmed Wall Street nerves with an improvement in sales in China, statements from brokerages predicting a boost in its services business, and the launch of new iPhones.

If the gains hold, Apple would be within touching distance of again topping $1 trillion (€897bn) in market value, just shy of the world’s most valuable company, Microsoft. Apple had 4.53bn shares outstanding at the end of last quarter.