Apple’s stock value tripled over three years
Apple could, as had been expected, celebrate that it is the first company to reach a stock market value of USD 3 trillion. During trading on January 3, it reached the magic level but shortly afterwards fell a bit to a value of USD 2.99 trillion.
The company was in 2018 was the first to reach a stock market value of USD 1 trillion. The success is mainly explained by the global interest in the company´s groundbreaking iPhones with a new interface concept and how to build access around the touch screen.
Apple is one of several companies that has noted strong growth during the pandemic with people spending more on communication devices during lockdowns. Shares have increased 40% since early 2021.
The first iPhone was in 2007 presented by former CEO Steve Jobs and the company´s share price has since increased by approximately 5,800%.
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