Although the significance of reaching a $3 trillion market value is largely symbolic, its magnitude is still breathtaking.
Microsoft is the second-most valuable public company at $2.5 trillion. Oil giant Saudi Aramco has a market value of $2.08 trillion. Alphabet, the parent of Google, Amazon and Nvidia have market values above $1 trillion.Article content The cascading trillions have been driven by the technology empire that Apple has built since Jobs returned to the company in 1997 after being pushed aside by then-CEO John Sculley in 1985. At the time of Jobs’ comeback, Apple was flirting with bankruptcy and so desperate for help that it turned to its once-bitter rival Microsoft for a cash infusion.
The iPhone, unveiled by Jobs in 2007 with his hallmark showmanship, remains the crown jewel in Apple’s kingdom. Last year, the device accounted more than half of the company’s nearly $400 billion in sales.
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Apple is close to becoming the first public company valued at $3 trillionApple is near to becoming the first publicly traded company to close a trading day with a $3 trillion market value, marking another milestone for a technology juggernaut that has reshaped society with a line-up of products that churn out eye-popping profits. UPDATE: Apple has become the first publicly traded company to close a trading day with a $3 trillion market value.
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Apple is close to becoming the first public company valued at $3 trillionApple is near to becoming the first publicly traded company to close a trading day with a US$3 trillion market value, marking another milestone for a technology juggernaut that has reshaped society with a line-up of products that churn out eye-popping profits.
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Apple becomes the first public company to be valued at US$3-trillionThough significance of reaching a $3-trillion market value is largely symbolic, its magnitude is still breathtaking
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Apple is close to becoming the first public company valued at $3 trillionApple is near to becoming the first publicly traded company to close a trading day with a $3 trillion market value.
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