Apple Hits $3 Trillion Market Value

Apple Hits $3 Trillion Market Value
Depositphotos

On the first working day in the new year, Apple became the first company ever to reach a $3 trillion value at the stock market. Tech giant ended the day just below that milestone.

Apple's shares hit an intraday record high of $182.88, putting the company's market value just above $3 trillion. The stock ended the day with a 2.5% gain at $182.01, with market capitalization at $2.99 trillion.

Apple's shares have climbed 5,800% after Steve Jobs unveiled the first iPhone in 2007. Under Tim Cook, who became CEO in 2011, Apple increased its revenue from services. That helped the company to reduce its reliance on the iPhone.