FILE PHOTO: Apple logo at an Apple store in Saint-Herblain near Nantes - Apple Inc on Monday became the first company to hit a $3 trillion stock market value, before ending the day a hair below that milestone, as investors bet the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality.
"It's a fantastic accomplishment and certainly worthy to be celebrated," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. "It just shows you how far Apple has come, and how dominant it is seen as in the majority of investors' eyes."https://fingfx.thomsonreuters.com/gfx/mkt/myvmnbokapr/Pasted%20image%201641236583881.png
Apple's shares have climbed around 5,800% since co-founder and former chief executive Steve Jobs unveiled the first iPhone in January 2007, far outpacing the S&P 500's gain of about 230% during the same period.Under Tim Cook, who in 2011 became chief executive following Jobs' death, Apple has sharply increased its revenue from services like video streaming and music.
In China, the world's largest smartphone market, Apple continued to lead for the second straight month, beating rivals such as Vivo and Xiaomi, recent data from CounterPoint Research showed.
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Apple becomes first US company to hit US$3 trillion market value: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
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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 gets closer to US$3 trillion market valueApple Inc on Monday inched closer to US$3 trillion in market value with the iPhone maker's shares gaining on the first day of trading this year. The world's most valuable company would be the first to reach the milestone, thanks to investors betting on the popularity of its newly launched iPhone series an
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Apple’s US$3 trillion market value follows 5,800% gain since iPhone debutApple on Monday became the first publicly traded company with a stock market value of over US$3 trillion, marking the latest milestone in the Silicon Valley heavyweight\u0027s spectacular stock surge since introducing the iPhone in 2007. Apple\u0027s shares have climbed around 5,800 per cent since co-founder and for
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