Apple hits $3trn market value

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

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.

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