Apple becomes first public company to close at $US3 trillion market value

  • 📰 abcnews
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 83%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The company, co-founded by Steve Jobs had briefly eclipsed a $US3 trillion market value on back-to-back days in January 2022, but couldn't hold on by the time the market closed.

For instance, that $US3 trillion could buy the 50 most valuable sports teams in the world with plenty of change to spare.

At the time of Mr Jobs's comeback, Apple was flirting with bankruptcy and so desperate for help that it turned to its once-bitter rival Microsoft for a cash infusion.Today, Apple makes so much money that it can afford to pay $US105 billion annually in investor dividends and repurchases of its own stock, and still be left with nearly $US56 billion in cash at the end of its last fiscal quarter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines