Apple becomes first public company to close at $US3 trillion market value

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The company, co-founded by Steve Jobs had briefly eclipsed a $US3 trillion market value on back-to-back days in January 2022, but couldn't hold on by the time the market closed.

For instance, that $US3 trillion could buy the 50 most valuable sports teams in the world with plenty of change to spare.

At the time of Mr Jobs's comeback, Apple was flirting with bankruptcy and so desperate for help that it turned to its once-bitter rival Microsoft for a cash infusion.Today, Apple makes so much money that it can afford to pay $US105 billion annually in investor dividends and repurchases of its own stock, and still be left with nearly $US56 billion in cash at the end of its last fiscal quarter.

 

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