The market value of “Apple” exceeded the $ 3 trillion barrier, which represents another milestone for the technology giant that has shaped societies through a group of products that achieve amazing profits, according to the “ABC News” network.
Apple shares closed up 2.3% at $193.97 on Friday, bringing its market value to $3.04 trillion.
Thus, “Apple” became the first company offered for public subscription to exceed the $ 3 trillion barrier, according to the network.
Apple is one of a handful of technology companies, including Microsoft and chip maker Nvidia, that helped propel the US Standard & Poor's 500 index to gains of nearly 16% in the first half of the year.
The 47-year-old company, which was co-founded by the late Silicon Valley legend Steve Jobs, had briefly surpassed the market value of $3 trillion in consecutive days in January 2022, but it could not hold on by the time the market closed.
Instead, Apple shares slid into a prolonged decline that briefly pushed its market value below $2 trillion earlier this year, amid slowing growth and investor jitters over rising interest rates that affected the entire technology sector.
Apple didn't get close to the $3 trillion mark again until earlier this month when the company unveiled its next big product: an expensive headset called the Vision Pro, which relies on so-called mixed reality, which combines virtual and augmented reality with promising advantages.
Although the importance of reaching a market value of $ 3 trillion is largely symbolic, it is breathtaking. For example, 9 million homes can be bought in the United States, based on the average sales price over the past year.
The value of the company can buy more than 50 major sports clubs around the world, and if $ 3 trillion is distributed equally to every person in the United States, everyone will get about $ 9,000.
It took less than two years for Apple to reach a market value of $3 trillion, after surpassing $2 trillion for the first time, in August of 2021.
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