Apple valued at $3 trillion, first company to ever reach milestone

  • 📰 washingtonpost
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

When markets closed Friday, Apple’s market capitalization was more than $3 trillion, making it the most valuable company — ever. Apple stands in sharp contrast to other tech giants — like Meta, Google and Amazon — that shed costs and laid off employees.

Daniel Ives, a senior equity research analyst at Wedbush Securities, said in a note Friday that it was a “historic day for the tech sector with Cupertino leading the way.”

The Cupertino, Calif.-based company stands in sharp contrast to other major tech giants — such as Meta, Google and Amazon — that have shed costs andover the past year. In May, Apple chief executive Tim Cook said the company was slowing down its pace of hiring, but layoffs were “a last resort.”, a major bet on a device that has yet to be embraced by the wider public. Several other companies, including Meta and Snap, are also working on face computers.

“The Apple bears and skeptics continue to scratch their heads as many have called for Apple’s ‘broken growth story’ this year in a tougher backdrop to which we firmly believe the exact opposite has happened with Cupertino heading into a massive renaissance of growth over the next 12 to 18 months,” Ives said.

Apple set a similar record in January 2022 when it hit a $3 trillion market cap during intraday trading, but it did not close the trading day at that level.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 95. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks end higher Friday, Nasdaq scores best first half of a year since 1983U.S. stocks closed higher Friday, ending the month strong and the first half of 2023 with robust gains as a long anticipated economic recession failed to...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »