Apple hits a new $3 trillion ‘record’: All the details

In what was a milestone for Apple, the company’s market cap closed above $3 trillion for the first time. According to a report by CNBC, shares of Apple are up by close to 49% year to date. In January 2022, Apple became the first company to hit the $3 trillion market cap. However, it did not make it to that level when the markets closed. This is the first time Apple — or any other company — has closed the market with more than $3 trillion valuation.

Big bets on Apple

Investors seem quite bullish on the growth of the Cupertino-based tech giant. Dan Ives, senior equity research analyst, in a note said that,