SAN FRANCISCO, Dec 14 ― Apple Inc's market value hovered just shy of the US$3 trillion mark yesterday, following a stunning run over the past decade that has turned it into the world's most valuable company.
The iPhone maker's march from US$2 trillion to near US$3 trillion in market value took 16 months, as it led a group of megacap tech companies such as Google-parent Alphabet Inc and Amazon.com Inc that benefited from people and businesses relying heavily on technology during the pandemic.
“Tim Cook has done an amazing job over the past decade, taking Apple's share price up over 1,400 per cent,” OANDA analyst Edward Moya said. Microsoft, which has a market value of roughly US$2.6 trillion, was the world's most valuable company as recently as late October when Apple reported that supply chain constraints could weigh on its growth for the remainder of the year.
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