Apple Becomes First US Company to Achieve a $ 3 Trillion Valuation - News Summed Up

Apple Becomes First US Company to Achieve a $ 3 Trillion Valuation


Apple became the first American company to be valued at more than $ 3 trillion on Monday, as the technology company continued its phenomenal share price growth, tripling in value in less than four years. Apple became the world’s first trillion dollar company in August 2018, surpassed $ 2 trillion in 2020 and hit its new high when operations began after the holidays and its shares surpassed $ 182.80 a piece. It is unlikely to remain the only $ 3 trillion company, as analysts expect Microsoft to hit the mark as well later this year. Lufthansa shares rose almost 8.9% to 6.73 euros a share, and Air France KLM rose 4.9% to 4.06 euros. “Global oil markets are also expected to face continued volatility in the coming year as traders weigh the risk that the Omicron variant could halt a rebound in demand for transportation fuels, in the face of uncertain supplies from the oil markets.


Source: The Guardian January 03, 2022 21:17 UTC



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