Apple has become the first company to hit a market capitalisation of $3tn, after its value rose by $1tn in less than 16 months as the coronavirus pandemic turbocharged Big Tech.
The iPhone maker became a $1tn company in August 2018 and two years later became the first company to be valued at $2tn. On Monday, shares in the company rose by 3 per cent to $182.86, taking it past the latest milestone, before easing back to close at $182.01.
Apple briefly lost its title as the world’s most valuable company to Microsoft at the end of October. However, a strong rally in November restored its crown. It then surged higher into the end of 2021, and has added half a trillion dollars to its market value since November 15.
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