Apple becomes first US company to reach $3tn valuation - Punch Newspapers

The Apple logo is seen at the entrance to the Fifth Avenue Apple store in New York. Photo: AFPApple became the first US company to hit $3 trillion in market value, briefly reaching the landmark on Monday in the latest demonstration of the tech industry’s pandemic surge.

The iPhone maker scaled the record level near 1845 GMT, reaching $182.88 a share before slipping back slightly. The tech giant also was the first US company to hit $2 trillion in August 2020, during the Covid-19 pandemic that stoked demand for personal electronics and digital services, such as Apple’s streaming and smartphone app store.The surge marks the latest accomplishment for Tim Cook, who became chief executive of the Cupertino, California giant in 2011 shortly before the death of the company’s visionary cofounder, Steve Jobs.

While the top tier of US stock markets are dominated by Silicon Valley companies, Microsoft is the only other American company worth more than $2 trillion.

A reflection of d advantage of d US being d creator of d western dollars & how their being d creator gave their nation & corporation opportunity 2 become wealthy,compare 2 Africa where we can only borrow peanuts of their dollar & pay back since d global economy is run by dollars

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 first company to hit $3 trillion market value, then slipsApple on Monday became the first company to hit a $3 trillion (roughly Rs. 2,23,75,950 crore) stock market value, before ending the day a hair below that milestone, as investors bet the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality. Really? So could not convert $3 trillion into Naira but Indian Rs? Copy and paste taken too far. Shame!
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Apple becomes world’s first $3 trillion companyOn the first day of trading in 2022, the Silicon Valley-based tech company’s shares briefly hit a record of $182.88 around midday on Monday. The stock later pulled back from that level, closing 2.5% higher at $182.01.
Source: TODAY - 🏆 12. / 53 Read more »

Apple hits $3trn market value -- now worth more than ALL cryptocurrencies | TheCableApple has become the first American company to reach a market capitalisation of $3 trillion.
Source: thecableng - 🏆 2. / 80 Read more »