American technology giant Apple has become the first company that is estimated to have a market value of 3 trillion dollars.
According to the BBC the firm’s share price has risen by about 5,800% since co-founder and former chief executive Steve Jobs unveiled the first iPhone in 2007.
Apple is one of the companies that has managed to have a lot of profits during the pandemic, as its products were in high demand during the quarantine.
The rise in the value of the tech giant’s shares has been very rapid, as in the last 16 months Apple’s value reached from 2 to 3 trillion Dollars.
The tech giant’s company was the first to reach a $ 1 trillion stock market valuation in August 2018.
The iPhone accounts for about half of the company’s sales, while it is also known for its iPad tablets and Mac computers.
