Apple hits $3trn market value, sets new record

Apple, a global technology powerhouse based in the United States, ended trading on Friday with a market value of $3 trillion.

According to CBS, Apple is the first business in modern history to achieve this feat.

The 47-year-old technology company’s shares ended the day up 2.3 percent at $193.97, raising its market value to $3.04 trillion.

Apple made a similar achievement in 2022, but it couldn’t hold it at the market’s peak.

The surge comes after the introduction of Vision Pro, a product that immerses users in virtual reality worlds.

With the development, Apple, along with other major firms like Microsoft and chipmaker Nvidia, helped propel the S&P 500 to a gain of almost 16% in the first quarter of 2023.

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