Apple becomes first US company to hit US$3 trillion market value

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:Apple Inc on Monday became the first U.S. company to hit US$3 trillion in market capitalization, thanks to investor confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and metaverse.On the first day of trading in 2022, the company's sha

:Apple Inc on Monday became the first U.S. company to hit US$3 trillion in market capitalization, thanks to investor confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and metaverse.

"The linchpin to Apple's valuation re-rating remains its Services business which we believe is worth US$1.5 trillion in the eyes of the Street," Wedbush Securities analyst Daniel Ives said. The rapid embrace of technologies such as 5G, AR/VR and artificial intelligence has also helped these stocks become market darlings as investors moved towards cash-rich companies and away from businesses that have been more sensitive to economic growth.

 

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Apple becomes first company to hit US$3 trillion market value:Apple Inc on Monday became the first company in the world to hit US$3 trillion in market capitalization, thanks to investor confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and metaverse.On the first day of trading in 2022, the compa
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Apple gets closer to US$3 trillion market value after hitting record:Apple Inc on Monday inched closer to US$3 trillion in market value after hitting a record high on the first day of trading this year.The company's shares rose as much as 2.6per cent to US$182.17 in mid-day trading, a tad lower than the milestone mark of US$182.86.The world's most valuable company woul
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Apple becomes first company to hit US$3 trillion market value:Apple Inc on Monday became the first company in the world to hit US$3 trillion in market capitalization, thanks to investor confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and metaverse.On the first day of trading in 2022, the compa
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