Friday, 24 March, 2023

Apple hits $3T market cap

<p>Apple became the first company to hit a market capitalisation of $3T. On the first day of trading in 2022, Apple&#39;s share hit an intraday record high of $182.88. The silicon-based company&#39;s shares climbed around 5,800% since unveiling the first iPhone. Even since Tim Cook became CEO, Apple sharply increased revenue from services like video streaming,&nbsp; music, etc. It helped Apple reduce reliance on the iPhone to about 52% of total revenue in FY21.<br /> &nbsp;</p>