Apple breaches $3 trillion market value again

Apple crossed $3 trillion in market value in early trading on Tuesday before slipping, after the world’s most valuable company briefly hit the milestone a day earlier.

Apple contracts were the second most actively traded US stock options on Tuesday after Tesla,according to the Options Clearing Corp data from early morning trading. The contract with the highest open interest is January 20th call option with a strike price of $200, Refinitiv data showed. “Apple has been one of the key pandemic trades for a lot of people and as we exit the pandemic... the iPhone maker is going to struggle a little bit,” said Edward Moya, senior market analyst at Oanda in New York.

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Apple becomes first company to hit $3tn market valueApple has become the first company in the world to hit $3 trillion in market capitalisation, thanks to investor confidence that the iPhonemaker will keep launching best-selling products as it explores new markets such as automated cars and metaverse.
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