Apple is now the first public company to be valued at USD 3 trillion

Apple became the first publicly traded company to close a trading day with a USD 3 trillion market value, marking another milestone for a technology juggernaut that has reshaped society with a line-up of products that churn out eye-popping profits.

Apple shares closed up 2.3 per cent at USD 193.97 Friday, bringing its market value to USD 3.04 trillion. Apple is one of a handful of technology companies, including Microsoft and chipmaker Nvidia, that helped drive the S&P 500 to a gain of nearly 16 per cent in the first half of the year.

The 47-year-old company co-founded by Silicon Valley legend Steve Jobs had briefly eclipsed a USD 3 trillion market value on back-to-back days in January 2022,