Apple has made history by becoming the first publicly traded company to be valued at $3 trillion at the end of a trading day. The company’s stock rose by about 2.31% on Friday, reaching a new record high.
While Apple briefly reached a $3 trillion market value in January 2022, it was unable to sustain that level. However, this year has been different, with Apple’s stock surging by nearly 46%. This is a significant improvement compared to last year when its market value temporarily dropped below $2 trillion.
The recent achievement coincides with the release of Apple Vision Pro, a highly anticipated augmented reality headset. Apple’s success in the market is noteworthy, especially considering the AI-focused strategies of its competitors like Microsoft, Google, Nvidia, and Meta.
It’s worth mentioning that four other American companies, namely Alphabet, Microsoft, Amazon, and Nvidia, also have market valuations surpassing $1 trillion. Apple’s strong financial performance in the last quarter, reported in May, has further solidified its reputation among investors.
