(Bloomberg) – Apple Inc. is getting closer to reaching a market value of $ 3 trillion for the first time.
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The shares were up 1.3% on Monday, resulting in a market capitalization of about $ 2.97 trillion. Since the stock hit a low in early October, Apple’s value has risen by about $ 700 billion.
The iPhone maker’s stock price has risen throughout 2021, leaving it up more than 200% since the COVID caused the world to be confined early last year and highlighted the centrality of technology. technology for work, education, entertainment and connection. These are all markets that Apple reaches deep into through its hardware, software, and media services, and that has helped it be on track to be the first company in history to hit the $ 3 trillion mark. , just 16 months after first crossing the $ 2 trillion mark.
Apple Inching Closer to Landmark $3 Trillion Market Value (1)
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