Apple becomes first US company to reach $3tn valuation - Punch Newspapers

The Apple logo is seen at the entrance to the Fifth Avenue Apple store in New York. Photo: AFPApple became the first US company to hit $3 trillion in market value, briefly reaching the landmark on Monday in the latest demonstration of the tech industry’s pandemic surge.

The iPhone maker scaled the record level near 1845 GMT, reaching $182.88 a share before slipping back slightly. The tech giant also was the first US company to hit $2 trillion in August 2020, during the Covid-19 pandemic that stoked demand for personal electronics and digital services, such as Apple’s streaming and smartphone app store.The surge marks the latest accomplishment for Tim Cook, who became chief executive of the Cupertino, California giant in 2011 shortly before the death of the company’s visionary cofounder, Steve Jobs.

While the top tier of US stock markets are dominated by Silicon Valley companies, Microsoft is the only other American company worth more than $2 trillion.

A reflection of d advantage of d US being d creator of d western dollars & how their being d creator gave their nation & corporation opportunity 2 become wealthy,compare 2 Africa where we can only borrow peanuts of their dollar & pay back since d global economy is run by dollars

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