Apple Apple becomes the first company to hit $3 tn mark in valuation
US-based Apple Inc has raced its way to become the first corporation to hit a stock market valuation of $3tn.
Apple's share price jumped by 5,800 percent since co-founder and former CEO Steve Jobs launched the first iPhone in 2007.
However, its value dipped a little from that milestone, when Monday's trading session in New York at $2.99tn.
Apple has been the biggest beneficiary of the boost in pandemic-driven sales in gadgets as people increased spending on gadgets during the period.
In just over 16 months, Apple's stock valuation rose from $2tn to $3tn, as the world's biggest technology companies saw demand soar with people becoming more reliant on smartphones, tablets and laptops to do a plethora of jobs from doing office work to buying groceries.
Apple was also the first company to hit $1 tn in August 2018.
iPhones account for nearly half of the sales of the Cupertino, California-based tech company, while its iPad tablets and Mac computers also enjoy high demand and popularity.
Increasingly important parts of the business are software, sold through the Apple store, storage space via the iCloud and services such as its music, television and fitness subscription platforms.
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