Wild milestone.
Apple, an American tech giant, surpassed $3trn in market value for the first time since January 2022, when it briefly became the first publicly listed company to do so. Shares in the iPhone-maker subsequently slipped back, but they have increased in value by almost 50% this year, despite two consecutive quarters of declining revenues. The firm is now worth $500bn more than Microsoft, a tech rival. — Economist Espresso, July 1, 2023
$3 trillion? 💰💰💰
