2023-06-30 17:28:00
Apple’s market capitalization crossed the $3 trillion mark for the second time on Friday, with investors betting on the iPhone maker’s ability to grow revenue even as it explores new markets, such as virtual reality, the agency reports. Archyde.comquoted by Agerpres.
Apple StoreFoto: Norman Chan, Dreamstime.com
During the transactions that precede the official opening of the American stock exchanges, the shares of Apple, which is also the most valuable company listed on the stock exchange worldwide, were increasing by 0.9% to 191.4 dollars per share.
Apple once reached, for a short time, a market capitalization of over 3 trillion dollars.
During the trading session on January 3, 2022, the manufacturer of Apple phones had, for a short time, a market capitalization of over 3,000 billion dollars, but at the end of the session it fell below this threshold.
Apple’s latest gains come as tech stocks rebound amid bets that the U.S. Federal Reserve might slow the pace of interest rate hikes, as well as interest in artificial intelligence.
PHOTO article: Norman Chan, Dreamstime.com.
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