Friday, June 30, 2023

30: Apple: 100B To 3T



Apple's next target: $3T Apple's market value is nearing the $3 trillion mark — a milestone no company has ever reached. The tech giant's shares have risen roughly 46% so far this year — worth about $900 billion — putting it in striking distance of the mark ahead of closing on Friday. The tech sector has seen a flurry of renewed optimism around the potential of artificial intelligence, with the Nasdaq up about 30% and on track for its best first half of a year since the 1980s. Apple has also benefited from a rebound in its iPhone business. .......

In early trading Friday, Apple shares were up almost 3% at $192.51, taking it past the $3 trillion mark.

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From the moment the iPhone's sleek silhouette graced our lives, Apple's market value took a quantum leap from $100 billion to a staggering ~$3 trillion. This meteoric rise has anchored Apple's position as the reigning champion, the world's most valuable company.



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