Apple becomes the world’s first company valued at $3 billion
This January 3, Apple, the company founded by Steve Jobs, officially and for a brief period of time became the first company to be valued at $3 billion in the world.
To put that in context, if Apple were a country, it would be the fifth largest economy in the world, behind Germany, but ahead of the UK.
Apple's stock price must cross $182.86 to sustain that valuation.
In August 2018, the iPhone maker became the first company to cross the $ 1 billion mark. Afterward it hit the $2 billion mark on August 20, 2020 .
As of this writing, Apple's stock is trading at $ 182.01. This means that the company posted impressive profits of over 40% over the past year.
To boost sales, Apple CEO Tim Cook looked to expand to new products like AirPods and the Apple TV + streaming service. S...