US tech giant Apple has become the first company to estimate its market capitalization at $ 3 trillion. The firm’s share price has risen by about 5,800% since co-founder and former chief executive Steve Jobs introduced the first iPhone in 2007. Apple is one of the companies that has managed to make more profits during the pandemic. as its products were in high demand during quarantine worldwide.
The increase in the value of the company’s shares has also been very rapid, as in the last 16 months Apple’s value reached from 2 to 3 trillion dollars. Apple was the first company to reach a stock market estimate of $ 1 trillion in August 2018. The iPhone is the product that accounts for about half of the company’s sales, while it is also known for selling its iPad tablets and Mac computers.Apple also sold 27 million pairs of its newest model AirPods during the holiday season, bringing up 20% year-on-year growth. Apple showed annual growth in all of its product categories in fourth-quarter earnings, with revenue growing 29% year-over-year.
