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Apple becomes world’s first $US3 trillion company

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A new milestone for Apple as investors bet the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality.

Apple became the first company with a $US3 trillion stockmarket value, lifted by investors’ confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality.

If you hear that Apple has decided to go into the meat-packing business you might want to consider some alternative investments.The world’s most valuable company is the first to reach the latest milestone as investors bet that consumers will continue to shell out top dollar for iPhones, MacBooks and services such as Apple TV and Apple Music.

Apple shared the $US2 trillion market value club with Microsoft Corp, which is now worth about $US2.5 trillion. Alphabet, Amazon.com and Tesla have market value above $US1 trillion.

 

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