Apple, first company to hit $3 trillion market value

Apple became the first US company to hit $3 trillion in market value.

The iPhone maker scaled the record level near 1845 GMT, reaching $182.88 a share before slipping back slightly.

The tech giant also was the first US company to hit $2 trillion in August 2020, during the Covid-19 pandemic that stoked demand for personal electronics and digital services, such as Apple's streaming and smartphone app store.

But as with many other tech giants, Apple has seen pressures in recent months due to supply chain problems, including a global shortage of semiconductors and Covid-related manufacturing disruptions in Southeast Asia.

Apple became the first US company to hit $3 trillion in market value.