Apple stock hit a new all-time high Friday amid U.S.-China trade optimism, a day after a leaked memo from CEO Tim Cook explained his decision to remove an app from the App Store after complaints fr…
Shares in the tech giant reached $234.60 in morning trading, up 2% for the day. 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 market cap of $1 trillion.
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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