Dan Ives: Celebs Rumors

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Apple Is Now Worth More Than $3 Trillion, First Company to Hit Market Cap Milestone

Todd Spangler NY Digital Editor Apple, already the most valuable company on the planet, on Friday saw its market capitalization climb past $3 trillion as the tech colossus reached a historic milestone. The iPhone maker’s shares rose above $192/share in early trading June 30, pushing its market cap over $3 trillion. That’s more than the gross domestic product of most of the world’s countries. On Jan. 3, 2022, Apple briefly topped $3 trillion in market cap during intraday trading — but shares suffered a 27% drop over the course of last year amid a macro-economic slowdown that triggered a broad pullback in tech stocks. In 2023, Apple shares are up more than 50% as Wall Street has once again turned bullish on big tech.
variety.com

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