:Apple Inc on Monday became the first U.S. company to hit US$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.
"The linchpin to Apple's valuation re-rating remains its Services business which we believe is worth US$1.5 trillion in the eyes of the Street," Wedbush Securities analyst Daniel Ives said. The rapid embrace of technologies such as 5G, AR/VR and artificial intelligence has also helped these stocks become market darlings as investors moved towards cash-rich companies and away from businesses that have been more sensitive to economic growth.
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Apple becomes first company to hit US$3 trillion market value:Apple Inc on Monday became the first company in the world to hit US$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 compa
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Apple gets closer to US$3 trillion market value after hitting record:Apple Inc on Monday inched closer to US$3 trillion in market value after hitting a record high on the first day of trading this year.The company's shares rose as much as 2.6per cent to US$182.17 in mid-day trading, a tad lower than the milestone mark of US$182.86.The world's most valuable company woul
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Apple gets closer to US$3 trillion market valueApple Inc on Monday inched closer to US$3 trillion in market value with the iPhone maker's shares gaining on the first day of trading this year. The world's most valuable company would be the first to reach the milestone, thanks to investors betting on the popularity of its newly launched iPhone series an
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Apple becomes first company to hit US$3 trillion market value:Apple Inc on Monday became the first company in the world to hit US$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 compa
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »