Apple becomes first company to hit $3 trillion market value, then slips By Reuters

Apple becomes first company to hit  trillion market value, then slips By Reuters
Apple becomes first company to hit  trillion market value, then slips © Reuters. FILE PHOTO: A woman walks past an Apple logo in front of an Apple store in Saint-Herblain near Nantes, France, September 16, 2021. REUTERS/Stephane Mahe

By Nivedita Balu and Noel Randewich

(Reuters) – Apple Inc (NASDAQ:) on Monday became the first company to hit a $3 trillion stock market value, before ending the day a hair below that milestone, as investors bet the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality.

On the first day of trading in 2022, the Silicon Valley company’s shares hit an intraday record high of $182.88, putting Apple’s market value just above $3 trillion. The stock ended the session up 2.5% at $182.01, with Apple’s market capitalization at $2.99 trillion.

The world’s most valuable company…

Continue reading

Leave a Reply

Your email address will not be published. Required fields are marked *