Apple, a multinational technology giant located in the United States, concluded trading on Friday with a market value of $3 trillion.
According to CBS, Apple is the first company in modern history to accomplish this achievement.
The shares of the 47-year-old technology company closed up 2.3 percent at $193.97, bringing its entire market worth to $3.04 trillion.
In 2022, Apple accomplished a similar accomplishment but was unable to maintain it at the market’s end.
The boom follows the release of Vision Pro, which immerses users in simulated environments known as virtual reality.
With the development, Apple, with other tech companies including Microsoft, and Chipmaker Nvidia, helped drive the S&P 500 to achieve a nearly 16 per cent gain in the first quarter of 2023.
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