Apple Stock Hits New High After CEO Tim Cook Yanks App Linked To China Protests – Update

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Apple Stock Hits New High After CEO Tim Cook Yanks App Linked To China Protests – Update
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UPDATED with closing stock price:

Shares in the tech giant closed at $236.21, up nearly 3% for the day, after peaking during the session at $237.64. The surge has catapulted the company to a market capitalization of more than $1 trillion, a plateau it briefly reached in 2018. Microsoft also has a $1 trillion market cap.

Cook said Apple decided to pull the app after consulting with local law enforcement officials and concluding the app had played a role in ambushes of police.

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