The brilliant start of 2022, the American company Apple became the first company in the world to reach assets of five hundred trillion rupees.
Shares of the iPhone maker rose 3% in market trading to a record high of 2 182.88. The company, which was formed in 1976, crossed the 1 trillion mark in 2018 and 2 2 trillion in 2020. It took the American company just 16 months and 15 days to cross another trillion.
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Apple’s price is now much higher than that of Walmart, Disney, Netflix, Nike, ExxonMobil, Coca-Cola, Comcast, Morgan Stanley, McDonald’s, AT&T, Goldman Sachs, Boeing, IBM and Ford.
کھ 3 trillion is equivalent to the combined GDP of the UK or India, while the New York Times reports that Apple is now worth the value of all the world’s cryptocurrencies.
— Al Jazeera English (@AJEnglish) January 3, 2022
Apple co-founder and CEO Steve Jobs’ first iPhone launch since January 2007 has boosted the company’s stock by 5,800%.