Apple hits $3trn market value

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US-based multinational technology company Apple on Friday closed trading with a $3 trillion market value. According to CBS, Apple has become the first to

US-based multinational technology company Apple on Friday closed trading with a $3 trillion market value.The 47-year-old tech firm’s shares closed up 2.3 per cent at $193.97, pushing its total market value to $3.04 trillion.The boom is coming on the heels of Vision Pro’s introduction, which thrusts users into artificial settings known as virtual reality.

With the development, Apple, with other tech companies including Microsoft, and Chipmaker Nvidia, helped drive the S&P 500 to achieve a nearly 16 per cent gain in the first quarter of 2023.

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