Apple hits $3 trillion valuation

Apple became the first US company in history to be valued at over $3 trillion in Monday trading.

The BigTech’s shares hit $182.88 each before falling to $182.01 at the close of play, giving the firm a market value of $2.99 trillion.

The news comes after Apple narrowly missed a $3 trillion valuation earlier this month.

Apple’s valuation first crossed the $1 trillion mark in August 2018.

The BigTech’s net income for the 2021 financial year was $94.7 billion, beating its previous record of $59.5 billion from the 2018 fiscal year.

Apple recently placed 9th on a list from the Institute for Management Development (IMD) estimating overall “future readiness”, placing behind Amazon, Microsoft, and Google.

The list ranked publicly traded companies based on: financial fundamentals, investors’ expectations of future growth, employee diversity, research and development, early results of innovation, business diversity, and cash and debts.

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