Apple became the first US company to hit a $3 trillion valuation
NEW YORK: Apple became the first US company to hit $3 trillion in market value, briefly reaching the landmark on Monday in the latest demonstration of the tech industry’s pandemic surge.
The iPhone maker scaled the record level near 1845 GMT, reaching $182.88 a share before slipping back slightly.
The tech giant also was the first US company to hit $2 trillion in August 2020, during the Covid-19 pandemic that stoked demand for personal electronics and digital services, such as Apple’s streaming and smartphone app store.
And it likewise was the first American firm to overtake $1 trillion in August 2018.
The surge marks the latest accomplishment for Tim Cook, who became chief executive of the Cupertino, California giant in 2011 shortly before…
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