{"id":138435,"date":"2022-01-04T18:41:45","date_gmt":"2022-01-04T16:41:45","guid":{"rendered":"https:\/\/ngradio.gr\/?p=138435"},"modified":"2022-01-04T18:42:49","modified_gmt":"2022-01-04T16:42:49","slug":"apple-becomes-first-u-s-company-worth-3-trillion","status":"publish","type":"post","link":"https:\/\/ngradio.gr\/en\/news-el\/technology-en\/apple-becomes-first-u-s-company-worth-3-trillion\/","title":{"rendered":"Apple becomes first U.S. company worth $3 trillion"},"content":{"rendered":"\n<p>On the first trading day of 2022, Apple marked a new milestone: it became the first U.S. company to reach a market value of $3 trillion.&nbsp;<\/p>\n\n\n\n<p>Apple&#8217;s shares briefly touched a record $182.88 per share in Monday&#8217;s trading. At that price, the iPhone maker&#8217;s value topped $3 trillion. In early afternoon trading, the shares slipped from the intra-day high, putting its value at just below that mark.&nbsp;<\/p>\n\n\n\n<p>The milestone is even more notable given that it was less than four years ago that Apple topped $1 trillion in value in 2018. And in August 2020, Apple&nbsp;cracked $2 trillion, powered by its steady expansion into a range of services as CEO Tim Cook sought to reduce the company&#8217;s reliance on iPhones, iPads and other devices for growth.<\/p>\n\n\n\n<p>Now Apple&#8217;s services business \u2014 including original shows, music, cloud storage and fitness apps \u2014 is worth fully half the company, about $1.5 trillion, said Wedbush analyst Dan Ives.<\/p>\n\n\n\n<p>&#8220;Hitting $3 trillion is another historical moment for Apple as the company continues to prove the doubters wrong,&#8221; Ives said in a note to investors Monday.<\/p>\n\n\n\n<p>&#8220;The linchpin to Apple&#8217;s valuation re-rating remains its Services business which we believe is worth $1.5 trillion in the eyes of the Street, coupled by its flagship hardware ecosystem which is in the midst of its strongest product cycle in over a decade led by iPhone 13,&#8221; he wrote.<\/p>\n\n\n\n<p>To put Apple&#8217;s value in perspective, a market capitalization of $3 trillion places the company&#8217;s market cap roughly on par with the gross domestic product of the United Kingdom. It also exceeds the GDP of countries including India ($2.9 trillion), France ($2.9 trillion) and Russia ($1.6 trillion).<\/p>\n\n\n\n<p>&#8220;With considerable uncertainties for global economies and global markets, Apple seems to be seen by many as a safe haven, given its size, brands, leadership across multiple markets, diversified business model, strong financial model, and flexible balance sheet,&#8221; Scott Kessler, analyst at investment research firm Third Bridge, said in a note last week. He added that the company &#8220;seems to be in good position to work through supply-chain issues&#8221; which have been affecting tech companies large and small.<\/p>\n\n\n\n<p>Apple shares were trading at $181.89 in late afternoon trading, up 2.4% on the day and roughly 37% over the last year. The stock has risen nearly 1,400% since Tim Cook was named chief executive in 2001, according to <a href=\"https:\/\/tradingplatforms.com\/blog\/2022\/01\/03\/apples-2021-revenues-are-up-4x-the-last-11-years\/\" target=\"_blank\" rel=\"noreferrer noopener\">TradingPlatforms.com<\/a>.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/www.cbsnews.com\/news\/apple-3-trillion-market-cap-first-us-company\/\" target=\"_blank\" rel=\"noreferrer noopener\">cbsnews.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On the first trading day of 2022, Apple marked a new milestone: it became the first U.S. company to reach a market value of $3 trillion.&nbsp; Apple&#8217;s shares briefly touched a record $182.88 per share in Monday&#8217;s trading. At that price, the iPhone maker&#8217;s value topped $3 trillion. In early ...<\/p>\n","protected":false},"author":6,"featured_media":138439,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4548],"tags":[6143],"class_list":["post-138435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology-en","tag-apple-en"],"acf":false,"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Apple becomes first U.S. company worth $3 trillion - NGradio.gr<\/title>\n<meta name=\"description\" content=\"On the first trading day of 2022, Apple marked a new milestone: it became the first U.S. company to reach a market value of $3 trillion.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ngradio.gr\/en\/news-el\/technology-en\/apple-becomes-first-u-s-company-worth-3-trillion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple becomes first U.S. company worth $3 trillion - 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