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Apple hits $3trn market value

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US-based multinational technology company Apple on Friday closed trading with a $3 trillion market value.

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According to CBS, Apple has become the first to achieve that feat in recent time.

The 47-year-old tech firm’s shares closed up 2.3 per cent at $193.97, pushing its total market value to $3.04 trillion.

In 2022, Apple achieved a similar feat but could not hold on to it at the close of the market.

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The boom is coming on the heels of Vision Pro’s introduction, which thrusts users into artificial settings known as virtual reality.

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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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