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Apple market value breaches $3 trillion mark again

Apple market value

Apple market value – Apple Inc’s market value surpassed $3 trillion for the first time since January of last year, as investors bet on the iPhone maker’s capacity to expand sales while experimenting with new sectors such as virtual reality.

Apple, the world’s most valuable publicly traded business, was up 1.3% at $191.99 in early trading. They have risen about 46% this year, and the company’s market value is now $3.02 trillion at the current price.

On Jan. 3, 2022, Apple’s market value briefly surpassed $3 trillion in intraday trading before completing the session just below that level.

Apple market value

Apple shares are rising as investors predict that the Federal Reserve will moderate the pace of interest rate hikes, as well as the buzz surrounding artificial intelligence.

Apple’s less-than-expected drop in revenue in its most recent quarterly report has shown the tech giant’s resilience in an uncertain economy and reaffirmed its image among investors.

Currently, four other U.S. firms have a market capitalization of more than $1 trillion: Alphabet Inc, Microsoft Corp, Amazon.com Inc, and Nvidia Corp.