crafted an effective strategy to counteract
the waning demand for iPhones. The stock’s
recovery translates to a nearly $500 billion
swing in fortune for Apple’s shareholders as the
company’s market value has soared back to $1.1
trillion — roughly the same level as its long-time
rival, Microsoft.
Apple Inc. shares gained nearly 2% to $247.77 in
extended trading after the company revealed its
fiscal fourth-quarter financial report.
Apple’s recent success has been driven largely
by strong growth in its services division, which
primarily feeds off the roughly 1.4 billion