Apple becomes first $3 trillion company
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Apple becomes first $3 trillion company
Apple creates a new history to become the first company with a market capitalization of three trillion dollars
Abstract
The tech giant Apple made history by leaving all the major companies behind. The company’s market capitalization reached $3 trillion on Monday, the highest ever.
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The tech giant Apple made history by leaving all the major companies behind. The company’s market capitalization reached $3 trillion on Monday, the highest ever. Apple was trading at $182.88 on Monday afternoon, an increase of three percent. The company has added nearly $700 billion to market capitalization since October. Despite the Corona epidemic, the share price of the iPhone maker is constantly rising. The company’s biggest profit gain was during the shutdown period as the demand for technology to stay connected with work, education and entertainment increased.
1 trillion market cap increases in just 16 months
According to a New York Times report, Apple, which started in 1976, touched the magic figure of $1 trillion in August 2018. It had to come a long way of 42 years to achieve this feat. But then, within two years, the company’s market cap crossed $2 trillion. Whereas it only took 16 months and 15 days for the company to reach the next trillion, three trillion market cap.