Apple's market capitalisation on Friday breached the US$3 trillion mark again, as investors bet on the iPhone maker's ability to grow its revenue even as it explores new markets such as virtual reality.
Shares of Apple, which is also the world's most valuable listed company, were up 0.9 per cent at US$191.4 in morning trading. Apple's market value briefly peaked above US$3 trillion in intra-day trading on Jan 3, 2022, before closing the session just below that mark. The latest gains in Apple shares come as technology stocks rebound on bets that the Federal Reserve may be slowing its pace of interest rate hikes as well as on the buzz around artificial intelligence.
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Apple stock hits record, on cusp of $3 trillion market value:Apple's stock climbed to a record high close on Wednesday and was on the cusp of a $3 trillion market capitalization.The iPhone maker's stock rose 0.6 per cent to end the day at $189.25, putting Apple's market value at $2.98 trillion, according to Refinitiv data. It was the second straight record high close
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Apple's stock hits record, on cusp of $3 trillion market valueApple's stock climbed to an intra-day record high on Wednesday, and was on the cusp of ending the session for the first time with a market capitalization above $3 trillion.The iPhone maker's shares rose as much as 1 per cent to $189.90, their highest ever. With the stock last trading off that session high
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