Apple’s market cap briefly tops $US3 trn after relentless rally

Apple’s stock-market value briefly rose above $US3 trillion , shattering yet another record and underscoring how the pandemic has turbocharged Big Tech’s decades-long rise.

Concerns have bubbled up in some corners -- about a shortage of chips, reports of iPhone demand starting to taper off and the prospect of rising interest rates -- but investors large and small have focused on the global popularity of Apple’s products, the potential of new products to maintain its steady sales growth, and the company’s strong cash balance as reasons to keep buying the stock day after day.

The stock first reached $US1 trillion in value in mid-2018, and achieved a $US2 trillion valuation in August 2020. While it was the first US company to surpass that level, Saudi Aramco was the first $US2 trillion company overall.

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Forecasters predict Australia’s hottest property market in 2022Forecasters predict Australia’s hottest property market in 2022 (spoiler - it's south-east Queensland) Well of course East Coast Aussies want to live in the state with the most competent Government 😀 Moved up from Melbourne to Rainbow Bay March last year Gold Coast is the place to be compared to Vic Lost count of times we are asked if we are interested in selling our Unit from real estate brochures and even strangers Grrrrrrrrrr, More reason to give the federal LNP a massive boot out of office.
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