Apple becomes World’s First $3 trillion Company
The company became the first company to hit a stock market valuation of $1tn in August 2018. During the COVID-19 pandemic that has increased demand for personal electronics and digital services, the iPhone maker passed $2tn (£1.4tn) in 2020. See Also: Here are the 5 Products Apple Discontinued in 2021 The iPhone typically accounts for around half of the company’s sales, while it is also well-known for its iPad tablets and Mac computers. Increasingly important parts of the business are software, sold through the Apple store, storage space via the iCloud and services such as its music, television and fitness subscription platforms. In August, Apple’s chief executive Tim Cook received more than five million shares in the firm, as he marked ten years in the job. A company filing with the US Securities and Exchange Commission showed that he sold most of the shares for more than $750m. Check Also: What to Expect from Tech Giant Apple in 2022
