Apple Becomes First Company To Hit $3trn Market Value

Apple Inc on Monday became the first company with a $3 trillion stock market value, lifted by investors’ confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality.

On the first day of trading in 2022, the Silicon Valley company’s shares hit a record of $182.88 around mid-day.

The world’s most valuable company is the first to reach the latest milestone as investors bet that consumers will continue to shell out top dollar for iPhones, MacBooks and services such as Apple TV and Apple Music.

Apple’s stock touched a record high of $182.88, putting its market value just above $3 trillion, based on about 16.4 billion outstanding shares. The shares were last up 2.4% at $181.86.