Apple gets closer to US$3 trillion market value after hitting record

:Apple Inc on Monday inched closer to US$3 trillion in market value after hitting a record high on the first day of trading this year.

The company's shares rose as much as 2.6per cent to US$182.17 in mid-day trading, a tad lower than the milestone mark of US$182.86. The world's most valuable company would be the first to reach the milestone, thanks to investors betting on the popularity of its newly launched iPhone series and MacBooks.

Broader markets looked to extend a recovery, with Tesla Inc giving a big boost to the S&P 500 and the Nasdaq, followed by Apple and Nvidia. [.N] Analysts are also expecting demand for iPhones to remain strong in 2022, as Apple leads China's smartphone market and more consumers subscribe for its services.

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Apple gets closer to US$3 trillion market valueApple Inc on Monday inched closer to US$3 trillion in market value with the iPhone maker's shares gaining on the first day of trading this year. The world's most valuable company would be the first to reach the milestone, thanks to investors betting on the popularity of its newly launched iPhone series an
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Apple gets closer to US$3 trillion market valueApple Inc on Monday inched closer to US$3 trillion in market value with the iPhone maker's shares gaining on the first day of trading this year. The world's most valuable company would be the first to reach the milestone, thanks to investors betting on the popularity of its newly launched iPhone series an
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »