Apple's market cap surpasses $3 trillion for the second time.

1 Aug 2023

On June 30, 2023, Apple's market capitalization reached over $3 trillion, with a stock price increase of 2.3% to $193.97.

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This is the second time Apple's market capitalization has surpassed $3 trillion, with the first occurrence on January 3, 2022.

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Apple's market capitalization now exceeds the combined market capitalization of the next nine most valuable companies in the world.

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The strong demand for Apple's products and services has been a driving force behind the company's stock price surge.

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Apple's iPhone remains the top-selling smartphone globally, and its services business is experiencing rapid growth.

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In the most recent quarter, Apple's services revenue increased by 17% year-over-year to $19.5 billion.

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Apple's market capitalization demonstrates its exceptional financial performance and continued dominance in the technology industry.

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Currently, Apple is the most valuable company globally, and it is expected to maintain its position for the foreseeable future.

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