Apple becomes first US company to reach $3tn valuation

Apple became the first US company to be valued at over $3tn on Monday as the tech company continued its phenomenal share price growth, tripling in value in under four years.

Apple alone is now more valuable than the combined values of Boeing, Coca-Cola, Disney, Exxon-Mobil, McDonald’s, Netflix and Walmart. Its shares have risen 38% since the beginning of 2021, one of the largest gains on the Dow Jones industrial average stock market index. It is unlikely to remain the only $3tn company as analysts expect Microsoft will also hit the mark later this year.

Europe’s benchmark stock index, the Stoxx 600, rose to a record intraday high of 491.73 points on Monday, surpassing its November peak of 490.58, as global oil and equity markets climbed. It later closed at 489.99, up 0.45%.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple becomes world’s first $US3 trillion companyA new milestone for Apple as investors bet the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality. From all the sales of chargers they didn’t provide
Source: smh - 🏆 6. / 80 Read more »

Byron Wien sees US stocks stalling in 2022 as rates riseStrong earnings won’t be enough for equities to battle past a newly hawkish Federal Reserve, according to the Blackstone Group executive. Strong earnings on govt bond buying. Stop the bond buying and see what goes
Source: FinancialReview - 🏆 2. / 90 Read more »