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Apple becomes first U.S. company to hit $3 trillion market value

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Reuters

By Nivedita Balu (Reuters) – Apple Inc on Monday became the first U.S. company to hit $3 trillion in market capitalization, 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 l…

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