Apple becomes First US Company to Reach 3 trillion Valuation.
Written by News Room on January 4, 2022
Apple became the first US company to hit 3 trillion dollars in market value, briefly reaching the landmark on Monday in the latest demonstration of the tech industry’s pandemic surge.
The iPhone maker scaled the record level near reaching 182.88 dollars a share before slipping back slightly.
The tech giant also was the first US company to hit 2 trillion dollars in August 2020, during the Covid-19 pandemic that stoked demand for personal electronics and digital services, such as Apple’s streaming and smartphone app store.
And it likewise was the first American firm to overtake 1 trillion dollars in August 2018.
The surge marks the latest accomplishment for Tim Cook, who became chief executive of the Cupertino, California giant in 2011 shortly before the death of the company’s visionary cofounder, Steve Jobs.