US Tech Company, Apple Hits $3trn Market Value

US Tech Company, Apple Hits $3trn Market Value

US-based multinational technology company Apple on Friday closed trading with a $3 trillion market value.

CBS observed that Apple has become the first to achieve the feat in recent time.

The 47-year-old tech firm’s shares closed up 2.3 per cent at $193.97.

The development pushed its total market value to $3.04 trillion.

In 2022, Apple achieved a similar feat but could not hold on to it at the close of the market.

Apple’s boom is coming on the heels of Vision Pro’s introduction, which thrusts users into artificial settings known as virtual reality.

Meanwhile, Apple, with other tech companies like Chipmaker Nvidia and Microsoft, helped drive the S&P 500 to achieve a nearly 16 per cent gain in the first quarter of 2023.

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