Apple becomes first U.S. company to reach a market value of $3 trillion – CBS News

In early afternoon trading, the shares slipped from the intra-day high, putting its value at just below that mark.

The milestone is even more notable given that it was less than four years ago that Apple topped $1 trillion in value in 2018.

“With considerable uncertainties for global economies and global markets, Apple seems to be seen by many as a safe haven, given its size, brands, leadership across multiple markets, diversified business model, strong financial model, and flexible balance sheet,” Scott Kessler, analyst at investment research firm Third Bridge, said in a note last week.

Apple shares were trading at $181.89 in late afternoon trading, up 2.4% on the day and roughly 37% over the last year.

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