Apple becomes first US company to reach US$3t valuation | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 86%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

NEW YORK, Jan 4 ― Apple became the first US company to hit US$3 trillion (RM12.5 trillion) in market value, briefly reaching the landmark yesterday in the latest demonstration of the tech industry's pandemic surge. The iPhone maker scaled the record level near 1845 GMT, reaching US$182.88 a share...

NEW YORK, Jan 4 ― Apple became the first US company to hit US$3 trillion in market value, briefly reaching the landmark yesterday in the latest demonstration of the tech industry's pandemic surge.

While the top tier of US stock markets are dominated by Silicon Valley companies, Microsoft is the only other American company worth more than US$2 trillion. But as with many other tech giants, Apple has seen pressures in recent months due to supply chain problems, including a global shortage of semiconductors and Covid-related manufacturing disruptions in Southeast Asia.

But increasingly smartphones are also crucial gateways to services revenue, an increasingly pivotal component of Apple's prowess. Revenues for services, which includes the Apple TV streaming product and the Apple Pay services have tripled over the last five years.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Allah has told Qasim in his rehmani dreams that, if we want Allah’s help and wish to be successful then we have to protect yourselves from all forms of shirk, otherwise we will never succeed.Learn more at or search ‘Muhammad Qasim Dreams’

South Africa South Africa Latest News, South Africa South Africa Headlines