Apple market cap. climbs above $800 billion

By Ovunc Kutlu

NEW YORK (AA) - American tech giant Apple has become the first company in history to have a market capitalization above $800 billion on Monday.

After closing at $148.96 per share on the U.S. stock market on Friday, Apple's stock price soared 3.2 percent on Monday to as high as $153.70 per share.

The firm's market capitalization became $815.08 billion -- a first for any company in history.

Apple saw its revenue increase by 4.5 percent to $52.9 billion in the first quarter of the year, from the same period a year ago.

The company's net income rose by 4.8 percent to $11 billion during that period.

Apple has also surpassed all U.S. companies in net income during the first quarter of the year.