Apple retakes crown as world’s most valuable company

The tech titan’s stock has soared since it unveiled artificial intelligence features for its devices last month

US consumer electronics giant Apple on Wednesday retained the position as the world’s most valuable company, with a market capitalization of over $3.5 trillion, according to Nasdaq data.

As of 18:30 GMT, the iPhone maker’s stock was trading up 1.4% at nearly $232 per share, bringing its market cap to $3.543 trillion, the highest any publicly traded company has ever achieved. The previous record belonged to rival tech giant Microsoft, whose highest closing market cap was $3.475 trillion on July 5.

This is not the first record-breaking valuation for Apple. In August 2018, it became the first company to reach a market cap of $1 trillion; two years later, it was the first to reach $2 trillion and then last June it hit $3 trillion.

Apple stock had a rough start to this year…

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Apple retakes crown as world’s most valuable company

 

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