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Apple becomes first US company to hit $3 trillion market value

On the first day of trading in 2022, the company's shares hit a record of $182.88 in mid-day trading

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Apple's stock touched a record high of $182.88, which multiplied with its 16.4 billion outstanding shares helped the iPhone maker breach the $3 trillion mark in market capitalisation

Nivedita Balu | Reuters
Apple Inc on Monday became the first US company to hit $3 trillion in market capitalisation, thanks to investor confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and metaverse.

On the first day of trading in 2022, the company's shares hit a record of $182.88 in mid-day trading.

The world's most valuable company is the first to reach 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.

"The linchpin to Apple's valuation

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