When markets closed Friday, Apple’s market capitalization was more than $3 trillion, making it the most valuable company — ever.
It’s a massive milestone for the tech giant, which warned investors in May that its current-quarter revenue was expected to decline. But Friday’s stock price increasing by just over 2 percent to close at $193.97 per share suggests that investors are still confident in the company, a bright spot in an industry that has otherwise been rocked by layoffs and uncertainty over the past year.
Apple hits $3 million market cap for the first time Friday, suggesting that investors are still confident in the company.
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