Apple, the most famous and known brand all over the world has become the first firm to get $3tn market value.
Since co-founder and former CEO Steve Jobs unveiled the first iPhone in 2007, the company’s stock has increased by about 5,800 percent.
However, its value dropped somewhat from that high point, ending Monday’s New York trading day at $2.99tn.
As a result of the coronavirus lockdowns, Apple has been one of the great winners of the epidemic.
“Apple’s $3 trillion milestones is yet another historic landmark as the business continues to defy the critics,” said Dan Ives, a Wedbush analyst.
Apple’s stock market worth rose from $2 trillion to $3 trillion in just over 16 months, as the world’s largest technology businesses saw demand skyrocket as consumers became increasingly reliant on smartphones, tablets, and laptops during lockdowns.
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