SAN FRANCISCO (AP) – Apple is now the first public company to close a trading day with a market value of $3 trillion. This marks another milestone for a tech giant that has reshaped society with a range of products that are generating staggering profits.
Apple shares ended Friday up 2.3% at $193.97, taking its market value to $3.04 trillion.
Apple is one of the few tech companies, including Microsoft and chipmaker Nvidia, to have helped the S&P 500 post a nearly 16% gain in the first half of the year.
Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, transcribed, or redistributed without permission.
