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Apple hits nearly $3 trillion in market capitalization as world’s most valuable firm
Apple Inc.

Apple hits nearly $3 trillion in market capitalization as world’s most valuable firm

| @indiablooms | 14 Dec 2021, 09:28 am

New York/UNI/Sputnik: Shares of iPhone maker and consumer tech giant Apple hit record highs on Monday, reaching nearly $3 trillion in market capitalization, trading data showed.

Apple’s stock hit a lifetime high of $182.09 to briefly touch a market value of $2.98 trillion, data from New York’s Nasdaq platform for Big Tech stocks showed.

Responding to the rally, J.P Morgan analyst Samik Chatterjee raised his target for Apple to $210 from $180 and reiterated his call for investors to "overweight" the stock.

Already the world’s most valuable company, Apple could be on track to hit $4 trillion in market capitalization next, Craig Erlam, analyst at online stock trading service OANDA, said.

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