Apple retreats again, after valuation tops $3 trillion again - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Apple Inc’s stock market value peaked on Tuesday for a second day above a $3 trillion, but the iPhone maker’s shares again failed hold that gain by the session’s end.

On Monday, Apple's stock market value rose briefly above $3 trillion for the first time ever, and it repeated that again on Tuesday before losing ground.

Surging demand for iPhones, MacBooks and iPads during the pandemic helped push the Cupertino, California company’s market capitalisation past $2 trillion in August 2020. “You know there’s going to be buying,” Silverblatt said.”From an investor point of view, it’s very important.”

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