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Apple became the first U.S. company to be valued at over $ 3 trillion on Monday as the tech company continued its phenomenal rise in stock price, tripling in value in less than four years.
A rise in tech stocks in the pandemic era has pushed big US tech companies to the next level, dragging with it U.S. stock markets.
Apple became the first trillion dollar company in the world in August 2018, surpassed $ 2 trillion in 2020 and reached its new level after trading started after the holidays and its shares crossed $ 182.80.
Only Apple is now more valuable than the combined values of Boeing, Coca-Cola, Disney, Exxon-Mobil, McDonald’s, Netflix and Walmart. Its shares have risen 38% since the beginning of 2021, one of the biggest gains in the Dow Jones industrial average stock market index.
The company released its last quarterly earnings in October and realized a profit of $ 20.6 billion over the previous three months, despite suffering from supply chain problems related to COVID.
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