Apple became the first publicly traded company to close a trading day with a $3 trillion market value Friday, marking another milestone for the tech juggernaut.
An Apple logo adorns the facade of the downtown Brooklyn Apple store on March 14, 2020, in New York. The tech juggernaut just became the first publicly traded company to close a trading day with a $3 trillion market value, marking another milestone for a company that has reshaped society with a line-up of products that churn out eye-popping profits.
Apple didn’t come close to the $3 trillion threshold again until earlier this month when the company unveiled what could be its next big product — a high-priced headset called Vision Pro that thrusts users into artificial settings known as virtual reality.Although the significance of reaching a $3 trillion market value is largely symbolic, its magnitude is still breathtaking.
It took Apple less than two years to close with a $3 trillion market value after topping $2 trillion for the first time in August 2021, which occurred about two years after the Cupertino, California, company reached $1 trillion for the first time.
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