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Apple's upbeat forecast pushes market value back toward Sh100 trillion

Apple Inc shares rose nearly 5 percent on Wednesday, pushing the iPhone maker’s market valuation back toward Sh100 trillion ($1 trillion) as its quarterly report and upbeat forecast soothed investors worried about falling iPhone sales.

Apple has been jockeying with Microsoft Corp and c.com for the title of most valuable U.S. Company as all three have passed the symbolic trillion mark.

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