Apple is about to become the world's first US$3 trillion company

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Apple is on the verge of yet another major milestone. The iPhone maker is close to topping a market value of more than US$3 trillion — the first publicly traded company ever to be worth that much.

Apple shares are up more than 35 per cent this year alone. The company has benefited from booming demand for its new IPhone 13 and other older models as well as subscription services such as Apple Music, Apple TV+, iCloud and its popular App Store., which ended in September. The company has a whopping $191 billion in cash as well.

But before long, Apple may have some company in the US$3 trillion club. Microsoft is now worth about $2.6 trillion and Google owner Alphabet's market value is right around $2 trillion. Still giant but further behind are Amazon, which has a market cap of $1.7 trillion, and

 

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Remember when you buy anything Apple think about how China treats it's people. We need to BOYCOTT everything CHINA. I still can't believe they are hosting the Olympics. This just shows you the IOC can be bought. Xi PingPong is a disease that needs to be vaccinated.

I don’t know why but I suspect there’s more than one person in the UAE that would chuckle if they read this.

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