NEW YORK (Reuters) - Apple's market value has exceeded the total value of the US energy sector, something no technology company has achieved before, according to recent financial data in the United States.

Analysts at Bank of America, Merrill Lynch, that "Apple" achieved this figure, after it managed to become the first company in the world exceeded its market value of one trillion dollars.

The company closed trading at a market value of 1.17 trillion, maintaining its position as the best value companies in the world.

The US Energy Index "S&P" closed at a market value of $ 1.13 trillion, according to the website "Markets Insider."

The iPhone manufacturer was able to achieve this achievement on the stock exchange after it impressed investors with the revenues achieved in the fourth tax quarter.

According to the decision of the federal government in the United States, the tax year for 2019 began in early October 2018 and ended on 30 September last year.

Apple surpassed Wall Street's forecasts, both in terms of revenue and profits, despite slower iPhone sales compared to the popularity of wearable devices such as watches.

Apple's market value has risen 8 percent since October 30, despite fierce competition for the global smartphone market.

Source Sky News

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