Categories: International

Apple becomes world’s first company to hit $3 trillion M-Cap

The stock market value of Apple Inc. hit $3 trillion and became the world’s first company to do so. The market cap of Apple hit $182.86 per share, which made it the world’s first company to touch the $3 trillion mark. However shortly after hitting the mark, the share value dipped below it and did not rise again until the market closed. The iPhone maker passed $2 trillion in 2020 and over $1 trillion in 2018.

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The world’s most valuable company reached the 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. In China, the world’s largest smartphone market, Apple continued to lead for the second straight month, beating rivals such as Vivo and Xiaomi, recent data from CounterPoint Research showed.

Important takeaways for all competitive exams:

Apple Inc. CEO: Tim Cook;
Apple Inc. Founded: 1 April 1976, California, United States;
Apple Inc. Headquarters: Cupertino, California, United States;
Apple Inc. Founders: Steve Jobs, Steve Wozniak, Ronald Wayne.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.