Apple just became the world's first $700 billion company.
On Tuesday, shares of Apple closed at $122.02, a new split-adjusted all-time high for the iPhone maker.
At this price, the company's market capitalization is around $705 billion, making it the first company to close a trading session with a market cap above $700 billion.
At this level, Apple is more than twice the size of Microsoft.
This new record high in Apple comes two weeks after the company reported a monster fourth quarter in which it sold more than 74 million iPhones and a record $18 billion in profit.
With Apple's latest gains, the stock is now up more than 60% in the last year.
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