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Apple becomes the first U.S. company to reach a market capitalization of $ 3 trillion

The tech giant, whose inventories have tripled since the pandemic began, hit a value of about 3 percent on Monday.

The rapid adoption of 5G by Apple is a technology that will have a wide range of impacts in the future and has given a great boost to the company. (Reuters)

Apple became the first US company to reach $ 3 trillion in market value and temporarily reached a landmark with the latest demonstration of a pandemic surge in the tech industry.

On Monday, the first day of trading in 2022, the company’s stock set a record of $ 182.88 in intraday trading.

The most valuable companies in the world are the first to reach the milestone as investors are betting that consumers will continue to pay the highest amount for services such as the iPhone, MacBook, and Apple TV and Apple Music.

“The cornerstone of Apple’s revaluation remains the service business we believe is worth $ 1.5 trillion from the street,” said Daniel Ives, an analyst at Wedbush Securities. rice field.

“The first company to join the $ 3 trillion club is a” reasonable moment “for (CEO Tim) Cook & Co. “

Apple has shared a $ 2 trillion market value club with Microsoft Corp and is currently worth about $ 2.53 trillion. The market value of Alphabet and Amazon.com Inc is over $ 1 trillion.

The rapid spread of technologies such as 5G, AR / VR, and artificial intelligence will make these stocks market lovers as investors move away from growth-sensitive companies to cash-rich companies. It was also useful for.

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Adoption of 5G

Apple’s rapid adoption of 5G is a technology that will have widespread impact in the future and has been a huge boost. Recently, we launched the iPhone 13 on a second-wave phone with 5G technology.

In China, one of Apple’s largest markets, it has continued to lead the smartphone market for two consecutive months, beating rivals such as Vivo and Xiaomi. Recent data from CounterPoint Research shows.

Apple’s share price reached a record high of $ 182.88, with the addition of 16.4 billion shares of outstanding shares, bringing iPhone makers to a market capitalization of $ 3 trillion. Shares finally rose 2.5% to $ 182.09.

Meanwhile, the broader market, led by Tesla, was set to expand its recovery from the pandemic shock followed by Apple and NVIDIA.

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Apple announces new products at its annual launch event

Source: TRT World and distributors

https://www.trtworld.com/business/apple-becomes-first-us-company-to-hit-3-trillion-market-cap-53282?utm_source=other&utm_medium=rss Apple becomes the first U.S. company to reach a market capitalization of $ 3 trillion

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