Apple Becomes First Company To Hit $3 Trillion Market Value

January 4, 2022
6 Views

Apple

Apple Becomes First Company To Hit $3 Trillion Market Value

American multinational technology company, Apple Inc (AAPL.O) 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 reached the milestone as investors bet that consumers will continue to shell out top dollar for iPhones, MacBooks and services such as Apple TV and Apple Music.

“It’s a fantastic accomplishment and certainly worthy to be celebrated,
” said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. “It just shows you how far Apple has come, and how dominant it is seen as in the majority of investors’ eyes.”

You may be interested

Nigeria’s inflation rate rises to 15.63% In December 2021
News
News

Nigeria’s inflation rate rises to 15.63% In December 2021

Webby - January 17, 2022

A file photo of a woman at a market.Nigeria’s inflation rate has risen to 15.63 percent in December 2021 from…

News
2 views

No staff, visitor was forced to take Covid-19 vaccine – FCTA

Webby - January 17, 2022

By Salisu Sani-Idris The Federal Capital Territory Administration (FCTA), on Monday in Abuja clarified that no staff or visitors were…

Biafra: Nnamdi Kanu’s lawyer reacts as FG files new terrorism charges against IPOB leader
News
2 views
News
2 views

Biafra: Nnamdi Kanu’s lawyer reacts as FG files new terrorism charges against IPOB leader

Webby - January 17, 2022

Aloy Ejimakor, Special Counsel to Nnamdi Kanu, leader of the Indigenous People of Biafra, IPOB, has reacted to the fresh…

Leave a Comment

Your email address will not be published.