Apple does it again, becomes first publicly traded U.S. firm to be valued at three trillion bucks

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Apple's shares hit a valuation of $3 trillion briefly making it the first publicly traded U.S. firm to hit the that mark. The stock did drop under that level by the close.

remains the world's top-selling timepiece and next year Apple is expected to enter the mixed reality space with a new headset. Interestingly, the company has seen its valuation surge by a factor of nine since the death of co-founder and co-CEO Steve Jobs from pancreatic cancer in 2011.

The Journal's iconic"Heard On The Street" column noted that it has taken nine months for Apple to tack on its latest trillion bucks in valuation even though the prospects for the company haven't changed during that time period. In fact, the Journal mentions research firm Visible Alpha and its forecast that iPhone unit sales will rise only 1% this year compared with 24% last year.

 

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