Apple is now valued at $3 trillion, first public company hit that mark

Apple has become the first publicly-traded company to have a market value of $3 trillion or more at the close of Wall Street’s trading day.

The iPhone and Mac computer company had been valued at $2.98 trillion when the market closed on Thursday, according to S&P Global Market Intelligence. Apple’s stock price rose 2.21% on Friday to $193.78, driving the tech giant’s market cap to $3.05 billion.

The “historic” achievement marks “another milestone for a technology juggernaut that has reshaped society with a line-up of products that churn out eye-popping profits,” said Daniel Ives, an analyst with Wedbush Securities, in a note to investors Friday.

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