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Apple becomes first US company to reach USD3T valuation

NEW YORK (AFP) – Apple became the first United States (US) company to hit USD3 trillion in market value, briefly reaching the landmark on Monday in the latest demonstration of the tech industry’s pandemic surge.

The iPhone maker scaled the record level near 1845 GMT, reaching USD182.88 a share before slipping back slightly.

The tech giant also was the first US company to hit USD2 trillion in August 2020, during the COVID-19 pandemic that stoked demand for personal electronics and digital services, such as Apple’s streaming and smartphone app store.

More details on Wednesday’s Borneo Bulletin