Apple set to amass US$3 trillion in market capitalization

Apple Inc looked set to touch US$3 trillion in market value on Monday as its shares hovered around a new record high, bringing the iPhone maker within spitting distance of becoming the world's first company to cross the milestone.

The company's stock needs to reach US$182.86 to record US$3 trillion in market value. Last week, Apple's shares rose nearly 11per cent and hit record highs in four sessions. When Apple hits the milestone, Microsoft Corp will be the only company in the US$2 trillion club, while Alphabet, Amazon and Tesla have crossed US$1 trillion.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

MUFG trust bank chief sees return of foreign firms to Tokyo marketTOKYO : Japan is ripe for a revival in stock listings by foreign firms, the trust banking arm of Mitsubishi UFJ Financial Group Inc said on Tuesday, with more than a dozen in the pipeline for Tokyo's start-up market. Japan's huge household wealth and the relatively high stock valuations on the Tokyo bours
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »