Apple becomes first U.S. company to hit $3 trillion market cap

[brooklynite]

Source: The Week

Apple hit a market cap of $3 trillion on Monday, becoming the first U.S. company to do so after "tripling in valuation in under four years," CNBC reports. The company reportedly dropped below the mark shortly thereafter.

A $3 trillion valuation makes Apple "worth more than the value of all of the world's cryptocurrencies," or "roughly equal to the gross domestic product of Britain or India," per The New York Times. It's on the same level as about six JPMorgan Chases, or 30 General Electrics.

Read more: https://www.theweek.com/business/1008554/apple-becomes-first-us-company-to-hit-3-trillion-market-cap

[brush]

1. Apple just has the knack of creating stylish, funtional and long-lasting...

products that people want to buy. Steve Jobs injected his DNA into the company somehow. I've been a graphics/art director and Mac guy for many years and we always favored Macs in the field...laptops and desktops, however, I still can't make myself drop a grand for a phone.

I go the android route. My current phone has a big screen, no expensive plan, it's a "Go Phone". It cost $130 three years ago and I pay $45 every month for service and it does the job for calls, texts, email and internet access. I just use it for calls and texts thourh as I use my Mac computer email and internet.

[Polybius]

3. My Android phone was around $1,700

More than any iPhone.

[brush]

4. Too rich for my blood for a phone. I need a much larger screen to...

do my work, and also usb outlets for a scanner, printer and other devices. And I also need to have the ram for apps like Photoshop, Indesign, Acrobat and others.

[beaglelover]

2. Awesome!