Apple has become the world’s first $3 trillion company

Apple CEO Tim Cook greets fans outside the Apple Store on Fifth Ave in Manhattan Borough, New York, USA, on September 20, 2019. REUTERS / Carlo Allegri

Apple has taken one more important step. The iPhone maker surpassed બજાર 3 trillion in market value on Monday – the first publicly traded company to do so.

Shares of Apple (AAPL) briefly rose nearly 3% to a new all-time high of $ 182.88, exceeding the $ 3 trillion value requirement of $ 182.85 per share. The title then retired from that level.

Apple’s market value first surpassed આંક 1 trillion in August 2018 and peaked at 2020 2 trillion in August 2020.

Apple shares rose nearly 35% in 2021. The company benefited from increased demand for its new iPhone 13 and other earlier models, as well as subscription services such as Apple Music. , Apple TV +, iCloud and its popular App Store.

Apple’s sales rose nearly 30% to over $ 83 billion in the fall quarter, ending in September. The company also has 191 billion in cash.

But long ago, Apple’s $ 3 trillion club might have some company. Microsoft (MSFT) is now valued at approximately $ 2.5 trillion and Google owner Alphabet (GOOGL (market value is approximately $ 2 trillion. Still huge but far behind is Amazon (AMZN), with a market cap of 7 1.7 trillion, and Elon Musk Tesla) TSLA. ), Valued at about $ 1.2 trillion.

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