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Apple becomes first company worth $3 trillion

Apple becomes first company worth $3 trillion

US tech giant Apple has become the first-ever company whose market capitalization has passed $3 trillion. Besides, it was one of Apple’s primary 2022 targets.

The firm revealed its plans for 2022 to the public at the end of last year. In 2022, Apple would strive to achieve a world record in market value and become the first-ever company to hit the milestone of $3 trillion, the official statement said. The tech behemoth honored its commitment in no time. Apple shares have been trading higher since the beginning of the new year and its market capitalization has been growing. At some point, its shares rose to $182.4 and market value passed the tempting milestone of $3 trillion.

Apple has reportedly given some engineers massive bonuses of stock grants in an effort to keep talented employees from defecting to rivals. The firm surprised a group of engineers in late December. Bonuses were reportedly ranging from $50,000 to as much as $180,000. Many of the engineers received amounts of $80,000 to $120,000 in shares, according to Bloomberg. Apple had a market capitalization of $2.97 trillion at the end of last year.

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