Technology

Apple is the world’s first company with assets of Rs 500 trillion

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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.

Read also: Apple sues Israeli company over espionage charges

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.

Apple co-founder and CEO Steve Jobs’ first iPhone launch since January 2007 has boosted the company’s stock by 5,800%.

Hassaan Minhas

Hassaan is a journalist at UsamaSpeaks.com and he deals with Latest News, India News, and Tech News. Hassaan is a very professional and authentic news journalist.

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