The U.S. technology giant Apple saw its market capitalization reach $900 billion on Friday -- a first for any company in history.
Apple stock price climbed to as high as $174.26 per share shortly after the U.S. stock market opening, gaining 3.65 percent after closing at $168.11 a share on Thursday.
With the rise in shares, the company with the highest market capitalization in the world saw its market value hit the $900 billion mark.
The historic level came after Apple showed strong financial results late Thursday.
The company said in its financial statement that its net income increased 18.9 percent to $10.71 billion during July-September period this year, from $9.01 billion the same time a year ago.
Revenue totaled $52.58 billion in the July-September period, up 12.2 percent from $46.85 billion a year earlier.
Apple also showed strong growth in iPhone, iPad and Mac sales, as well as other products such as Apple TV and Apple Watch, and rise in services revenue like AppleCare and Apple Pay.
The company's latest smartphone model iPhone X, which celebrates the 10th-anniversary, hit the stores on Friday.
Apple could see further increase in stock and market value if iPhone X sales beat expectations and the company shows strong growth in October-December period this year, experts say.
By Ovunc Kutlu in New York
Anadolu Agency
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