Shares of Apple (AAPL) on Friday rose $2.81 (+1.48%) to hit $192.40, putting the world’s most valuable company’s market value above $3 trillion for the first time since the company first achieved the feat during trading on January 3, 2022.
Apple went public on December 12, 1980 at $22.00 per share. The stock has split five times since the IPO, so on a split-adjusted basis the IPO share price was $.10.
Apple’s first march from $2 trillion to $3 trillion in market value took about 16 months as its stock roared higher, leading a group of megacap technology companies that benefited as people relied heavily on tech during the often irrational and prolonged overreactions in many countries to COVID-19.
MacDailyNews Take: Apple market value currently stands at $3.026 trillion.
Please help support MacDailyNews. Click or tap here to support our independent tech blog. Thank you!
Support MacDailyNews at no extra cost to you by using this link to shop at Amazon.
The post Apple again hits $3 trillion in market value appeared first on MacDailyNews.
