Apple creates history by achieving $3 trillion market value

More From Author

See more articles

India CEOs Dominating Global Companies: From Microsoft to Chanel...

India-origin executives are redefining global leadership, with 226 leaders of Indian origin now heading the world's most...

Full Form IT in 2025: What are the best...

Full Form IT: The Best Guide IT stands for information technology in its entire form. Computers are utilised...

Full Form of ITI: What does it mean in...

Full Form of ITI: Here's everything to know about ITI Full Form of ITI: ITI is an abbreviation...

Apple became the first publicly traded firm to end a trading day with a market value of $3 trillion. On Friday, the company’s stock rose roughly 2.31% to a new high. The IT titan first attained a market cap of $3 trillion in January 2022, but failed to maintain that level.

This year, Apple’s stock has risen about 46%. The company’s stock market success this year contrasts sharply with that of 2022. Apple’s market cap went below $2 trillion in trade earlier this year for the first time since early 2021.

The tech giant’s landmark valuation comes on the heels of the unveiling of the Apple Vision Pro, its long-rumored augmented reality (AR) headset, earlier this month.

The $3,499 headset will be available next year and will require users to stay connected to a power pack the size of an iPhone.

Apple
credit: techcrunch

Wall Street and Silicon Valley have jumped on the AI bandwagon, which began with the release of OpenAI’s ChatGPT in late 2022. Companies such as Microsoft, Google, Nvidia, and Meta have since gotten on the AI bandwagon. Nvidia has outperformed the S&P 500 by 181% this year. Meta follows with a 137% increase. Apple has mainly avoided discussing AI, although its competitors have embraced the burgeoning technology.

Apple reported higher-than-expected quarterly earnings in May, despite a drop in sales and profit. The company’s performance strengthened its reputation among investors.

Also Read:

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

━ Related News

Featured

━ Latest News

Featured