Apple’s $3 trillion market value follows 5,800% gain since iPhone debut


FILE PHOTO An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City July 21 2015. REUTERSMike SegarFile Photo

FILE PHOTO: An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. REUTERS/Mike Segar/File Photo

(Reuters) - Apple on Monday became the first publicly traded company with a stock market value of over $3 trillion, marking the latest milestone in the Silicon Valley heavyweight's spectacular stock surge since introducing the iPhone in 2007.

Apple's shares have climbed around 5,800% since co-founder and former Chief Executive Steve Jobs unveiled the first iPhone in January 2007, far outpacing the S&P 500's gain of about 230% during the same period. (Graphic: Apple vs the S&P 500 since the iPhone's introduction, https://fingfx.thomsonreuters.com/gfx/mkt/zdpxoqdrkvx/Pasted%20image%201641232975265.png)

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