Apple becomes the world's most valuable company with a market capitalization of $3 trillion
Apple has achieved a market capitalization of $3 trillion for the second time and before that, the company did so in January 2023. Due to this, it became the most valuable company in the world. So far, in 2023, the stock has gained 49 percent.
Apple shares closed at $193.97 per share in morning trading on June 30, 2023, with a market cap of $3.05 trillion.
Strong sales of the iPhone and the release of the Apple Vision Pro virtual reality headset have boosted the company. According to some reports, Apple was the first to cross $1 trillion in market capitalization in 2018 and $2 trillion in 2020.
Currently, 4 other US companies Alphabet, Microsoft, Amazon, and Nvidia also have a market capitalization of more than $1 trillion. Oil and gas major Saudi Aramco is the only non-tech company with a market capitalization of more than $2 trillion.
Apple Computer, Inc. was founded on April 1, 1976, by college dropouts Steve Jobs and Steve Wozniak
