Apple becomes first company to hit $3 trillion market value


FILE PHOTO: A woman walks past an Apple logo in front of an Apple store in Saint-Herblain near Nantes, France, September 16, 2021. REUTERS/Stephane Mahe

(Reuters) - Apple Inc on Monday became the first company in the world to hit $3 trillion in market capitalization, thanks to investor confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and metaverse.

The company's shares rose to $182.88 in mid-day trading, a new record, on the first day of trading in 2022.

(Reporting by Nivedita Balu in Bengaluru; Editing by Maju Samuel and Arun Koyyur)

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