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BREAKING
Al Mayadeen's correspondent: Iranian air defenses intercept Israeli drones in Tehran's skies
Al Mayadeen's correspondent: Explosions heard in the capital, Tehran
Iran's IRGC statement No. 8: The Aerospace Force targeted the Mossad terrorist operations planning center in Tel Aviv, and this center is currently up in flames
Iran's IRGC statement No. 8: The Aerospace Force targeted an Israeli Military Intelligence Directorate (Aman) center this morning
Israeli media: Sirens sound in northern Golan Heights amid fears of drone infiltration
Iran's IRGC statement No. 6: The technologies and capabilities used in this operation enabled it to successfully and accurately hit its targets in the entity
Iran's IRGC statement No. 6: We launched a new wave of missile attacks moments ago, stronger and more destructive than previous launches
Spain's FM: I see no sogn of de-escalation between 'Israel' and Iran
Spain's Foreign Minister: EU must impose an arms embargo on 'Israel' as long as this war lasts
Israeli media: The facility is used for all logistical activities of the Israeli military intelligence division

Apple first company to hit $3 trillion market value

  • By Al Mayadeen Net
  • Source: Agencies
  • 3 Jan 2022 22:55
1 Min Read

Apple becomes the world's first company to hit $3 trillion with its services business believed to be worth $1.5 trillion.

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  • Apple stock has been trading with record highs over the past few weeks (9to5mac)
    Apple stock has been trading with record highs over the past few weeks (9to5mac)

Apple has broken yet another record and has become the first company ever to break the $3 trillion, with Microsoft a likely second to follow suit.

Apple had reached the $1 trillion mark in 2018, becoming the first company to ever do so, and surpassed $2 trillion in 2020, meaning that it scored such an ascent in a very short time span. 

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The reason behind this sharp high in 2020 and 2021 is largely the pandemic, which sent people in an unsure economy toward stocks and investments that they know will remain secure. 

On the first day of trading in 2022, the company's shares hit a record $182.88.

One of the reasons behind Apple's success is its Services business, which is believed to be worth almost $1.5 trillion.

Microsoft comes in second after Apple, as it is currently worth $2.53 trillion, while Alphabet (Google's parent company), Amazon.com Inc, and Meta (formerly Facebook) are all valued at above $1 trilllion.

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  • Microsoft
  • Stock market
  • Market value

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