{"id":6609,"date":"2022-01-05T15:20:30","date_gmt":"2022-01-05T15:20:30","guid":{"rendered":"https:\/\/www.africa-press.net\/liberia\/all-news\/apple-becomes-first-firm-to-hit-3tn-market-value"},"modified":"2022-01-05T15:29:43","modified_gmt":"2022-01-05T15:29:43","slug":"apple-becomes-first-firm-to-hit-3tn-market-value","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/liberia\/all-news\/apple-becomes-first-firm-to-hit-3tn-market-value","title":{"rendered":"Apple becomes first firm to hit $3tn market value"},"content":{"rendered":"

Africa-Press – Liberia. <\/strong><\/span>US technology giant Apple has become the first company to hit a stock market valuation of $3 trillion, more than the combined market capitalisation of the Nairobi Securities Exchange (NSE).<\/p>\n

The firm\u2019s share price has risen by around 5,800 per cent since co-founder and former chief executive Steve Jobs unveiled the first iPhone in 2007. However, its value slipped a little from that milestone, to end Monday\u2019s trading session in New York at $2.99 trillion.<\/p>\n

Apple has been one of the big winners of the pandemic, as coronavirus lockdowns saw spending on gadgets jump. \u201cHitting $3 trillion is another historical moment for Apple as the company continues to prove the doubters wrong,\u201d Dan Ives, an analyst from Wedbush said.<\/p>\n

It took just over 16 months for Apple\u2019s stock market valuation to rise from $2tn to $3tn, as the world\u2019s biggest technology companies saw demand soar as people became more reliant on smartphones, tablets and laptops during lockdowns.<\/p>\n

The company became the first company to hit a stock market valuation of $1tn in August 2018. The iPhone typically accounts for around half of the company\u2019s sales, while it is also well-known for its iPad tablets and Mac computers.<\/p>\n

Increasingly important parts of the business are software, sold through the Apple store, storage space via the iCloud and services such as its music, television and fitness subscription platforms.<\/p>\n

\u201cThe linchpin to Apple\u2019s valuation re-rating remains its Services business which we believe is worth $1.5 trillion,\u201d Ives said. In August, Apple\u2019s chief executive Tim Cook received more than five million shares in the firm, as he marked ten years in the job.<\/p>\n

A company filing with the US Securities and Exchange Commission showed that he sold most of the shares for more than $750 million. It was part of a deal he struck when he took over from co-founder Steve Jobs.<\/p>\n

The award was dependent upon how well Apple\u2019s shares had performed compared to other firms on the S&P 500 stock index. Cupertino, California-based Apple was founded in 1976 by Steve Jobs and his business partners Steve Wozniak and Ronald Wayne.<\/p>\n

The company made its stock market debut in 1980 with a market valuation of $1.8bn. In November, the original Apple computer built by Wozniak and Jobs fetched $400,000 at auction in the US.<\/p>\n

For More News And Analysis About Liberia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Liberia. US technology giant Apple has become the first company to hit a stock market valuation of $3 trillion, more than the combined market capitalisation of the Nairobi Securities Exchange (NSE). The firm\u2019s share price has risen by around 5,800 per cent since co-founder and former chief executive Steve Jobs unveiled the first […]<\/p>\n","protected":false},"author":84,"featured_media":6608,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,9,16],"tags":[233,237,234],"class_list":["post-6609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-miscellaneous","category-twitter","tag-africa-press","tag-africa-press-liberia","tag-liberia"],"yoast_head":"\nApple becomes first firm to hit $3tn market value - Liberia<\/title>\n<meta name=\"description\" content=\"US technology giant Apple has become the first company to hit a stock market valuation of $3 trillion, more than the com ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/liberia\/all-news\/apple-becomes-first-firm-to-hit-3tn-market-value\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple becomes first firm to hit $3tn market value\" \/>\n<meta property=\"og:description\" content=\"US technology giant Apple has become the first company to hit a stock market valuation of $3 trillion, more than the com ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/liberia\/all-news\/apple-becomes-first-firm-to-hit-3tn-market-value\" \/>\n<meta property=\"og:site_name\" content=\"Liberia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-05T15:20:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-05T15:29:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2022\/01\/img-61d5b9508905a.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/apple-becomes-first-firm-to-hit-3tn-market-value#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/apple-becomes-first-firm-to-hit-3tn-market-value\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Apple becomes first firm to hit $3tn market value\",\"datePublished\":\"2022-01-05T15:20:30+00:00\",\"dateModified\":\"2022-01-05T15:29:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/apple-becomes-first-firm-to-hit-3tn-market-value\"},\"wordCount\":399,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/apple-becomes-first-firm-to-hit-3tn-market-value#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2022\/01\/img-61d5b9508905a.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Liberia\",\"Liberia\"],\"articleSection\":[\"all news\",\"homepage-english\",\"miscellaneous\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/liberia\/all-news\/apple-becomes-first-firm-to-hit-3tn-market-value#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/apple-becomes-first-firm-to-hit-3tn-market-value\",\"url\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/apple-becomes-first-firm-to-hit-3tn-market-value\",\"name\":\"Apple becomes first firm to hit $3tn market value - 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