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Apple Inc on Monday became the world’s first company to reach a market capitalization of $3 trillion, thanks to investor confidence that the iPhone maker will continue to release best-selling products as it explores new markets such as self-driving cars and virtual reality.
The company’s shares rose to $182.88 in the middle of the first trading day of the new year, a new record.
Investors are betting that consumers will continue to buy iPhones, MacBooks and services such as Apple TV and Apple Music.
It took Apple 16 months to reach a market value of two trillion to three trillion dollars thanks to a sharp rise in its stock recently.
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