New Apple becomes World’s First $3 trillion Company
Apple has become the world’s first company to hit a stock market valuation of $3 trillion (£2.2tn). The company’s share price has risen by around 5,800% since co-founder and former chief executive Steve Jobs unveiled the first iPhone in 2007. However, its value slipped a little from that milestone, to end Monday’s trading session in New York at $2.99tn. In comparison, Microsoft Corp is now worth about $2.5tn (£1.8tn), while Alphabet, Amazon.com and Tesla have market values above $1tn. Apple becomes World’s First $3 trillion Company The company became the first company to hit a stock market valuation of $1tn in August 2018. During the COVID-19 pandemic that has increased demand for personal electronics and digital services, the iPhone maker passed $2tn (£1.4tn) in 2020. See Also: Here are the 5 Products Apple Discontinued in 2021 The iPhone typically accounts for around half of the company’s sales, while it is also well-known for its iPad tablets and Mac computers. Increasin...