Apple becomes first U.S. company to hit US$3 trillion market valueApple's swift adoption of 5G technology provided a big boost to its valuationApple Inc. on Monday became the first U.S. company to hit US$3 trillion in market capitalization, thanks to investor confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and metaverse. Article contentOn the first day of trading in 2022, the company’s shares hit a record of US$182.88 in mid-day trading. Try refreshing your browser, or Apple becomes first U.S. company to hit US$3 trillion market value Back to videoThe world’s most valuable company is the first to reach 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. “Being the first company to join the US$3 trillion club is a ‘flex-the-muscles moment’ for (CEO Tim) Cook & Co.”Apple shared the US$2 trillion market value club with Microsoft Corp, which is now worth about US$2.53 trillion. Alphabet and Amazon.com Inc have market values above US$1 trillion.

Source: National Post January 04, 2022 01:07 UTC