Apple Stock Surges to New Record

 by Adam Ostrow

Shares of Apple surged to an all-time high in after hours trading following the company’s earnings report on Tuesday.

As of 6:00 p.m. ET, shares were trading around $396 each after crossing the $400 mark for the first time earlier in the session, up more than 5% since the start of Tuesday’s trading.

At that price, the company is valued at more than $365 billion, trailing only Exxon Mobil (at $411 billion) for the title of world’s most valuable company.

In its report, Apple said that it sold more than 9 million iPads and 20 million iPhones in its most recent quarter.

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