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Apple becomes the first company to reach a market value of 3 trillion dollars!

Apple on Monday became the first company to reach the $3 trillion mark in stock market value, as investors bet the iPhone maker will continue to launch best-selling products as it explores new markets such as automated cars and virtual reality, Reuters reported.
Reuters said that on the first day of trading in 2022, Apple shares hit an intraday high of $182.88, making Apple’s market cap just over $3 trillion. The stock ended the session 2.5% higher at $182.01, with Apple’s market capitalization at $2.99 ​​trillion.
The world’s most valuable company has reached a milestone as investors bet consumers will continue to shell out top dollar on iPhones, MacBooks and services like Apple TV and Apple Music. Apple has shared a $2 trillion market capitalization club with Microsoft, which is now worth about $2.5 trillion. Alphabet (GOOGL.O), Amazon and Tesla have market values ​​in excess of $1 trillion.
However, some investors are concerned that Apple is reaching the limits of how much it can expand its user base and how much money it can squeeze out of each user, with no guarantees that future product categories will prove as profitable as the iPhone, Reuters said.



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