Apple hits historic $3 trillion market cap

The iPhone maker gained 2.3 per cent on Friday, adding to a rally that’s added more than US$983 billion to its size this year and leaving it roughly a half-trillion dollars above the next-largest company. Apple’s ascent to the milestone helped the Nasdaq 100 Index to its best-ever first half ever, driving a broader stock rally that underscored the dominance of tech megacapsSign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.

“The reason Apple has outperformed for more than a decade isn’t because investors are being foolhardy, but because it is executing on a business strategy that works, its earnings plan is working, and its lock on the consumer is only getting stronger,” said Jonathan Curtis, director of portfolio management for Franklin Equity Group.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: globeandmail - 🏆 5. / 92 Read more »

Apple hits historic $3 trillion market capApple Inc. became the first company to ever close with a market value of US$3 trillion. Read more
Source: financialpost - 🏆 7. / 85 Read more »