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Apple becomes first $US3trn company after boost from pandemic demand

San Francisco | Apple has become the first company to hit a market capitalisation of $US3 trillion ($4.2 trillion), after its value rose by $US1 trillion in less than 16 months as the coronavirus pandemic turbocharged big tech.

The iPhone maker became a $US1 trillion company in August 2018 and two years later became the first company to be valued at $US2 trillion. On Monday (Tuesday AEDT), shares in the company rose by 3 per cent to $US182.86, taking it past the latest milestone, before easing back to close at $US182.01.

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    Original URL: https://www.afr.com/technology/apple-becomes-first-us3trn-company-after-boost-from-pandemic-demand-20220104-p59lta