Apple’s market capitalization has once again reached $3 trillion as the company’s shares opened at $191.78, up slightly from yesterday. After briefly hitting the milestone in January 2022 and then declining, Apple’s value dipped below $2 trillion earlier this year. However, its shares have increased by 53% in 2023, driving them to all-time highs. To achieve the $3 trillion market capitalization again, Apple had to attain a slightly higher share price and aggressively buy back its stock. Despite iPhone production issues and economic concerns in 2022, the company’s revenue growth during the pandemic has fueled optimism.
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