Apple hit an all-time high before posting earnings that disappointed Wall Street.
The company's stock was down about 1.5 percent after its quarterly revenue did not hit projections. The company posted $52.9 billion in revenue, versus the Thomson Reuters consensus estimate of $53.02 billion. Earns per share were higher than expected at $2.10, compared to $2.02. Its market cap slipped to $765 billion during
Apple briefly hit a market capitalization of more than $776.59 billion on Tuesday, topping its previous peak market value of $774.91 billion to remain the only U.S.-listed stock with a market value of more than $700 billion. Even with other tech stocks near record highs, Apple dwarfs Alphabet, at $646.6 billion, Microsoft at nearly $536.4 billion and Amazon at $451.5 billion, according to FactSet.