Apple crossed $3 trillion in market value in early trading on Tuesday, January 4, before slipping, after the world’s most valuable company briefly hit the milestone a day earlier.
Apple contracts were the second most actively traded US stock options on Tuesday after Tesla, according to the Options Clearing Corp data as of 08:21 am ET. The contract with the highest open interest is January 20th call option with a strike price of $200, Refinitiv data showed. The pandemic fueled demand for iPhones, MacBooks, and iPads helped push the company’s market capitalization past $2 trillion in August 2020 and add another trillion 16 months later.
“The next big product breakthrough is nowhere near. It’s going to be a lot harder for Apple to get to four and five trillion than it was for it to go from two to three.”
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