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Apple hits $3tn valuation; now more valuable than combined Boeing, Coca-Cola, Exxon-Mobil, Netflix

Apple hits $3tn valuation; now more valuable than combined Boeing, Coca-Cola, Exxon-Mobil, Netflix

Apple has became the first US company to be valued at over $3 trillion.

On Monday, the tech company continued its phenomenal share price growth, tripling in value in under four years, according to The Guardian report.

A pandemic-era surge in tech stocks has driven the major tech companies to new highs, pulling US stock markets with them.

Apple became the world’s first trillion dollar company in August 2018, passed $2tn in 2020 and hit its new high as trading began after the holidays and its shares passed $182.80 a piece before dipping lower to end the day valued at over $2.9tn.

Apple alone is now more valuable than the combined values of Boeing, Coca-Cola, Disney, Exxon-Mobil, McDonald’s, Netflix and Walmart. Its shares have risen 38% since the beginning of 2021, one of the largest gains on the Dow Jones industrial average stock market index.

The company released its last quarterly earnings in October and made a profit of $20.6bn over the previous three months despite suffering from Covid-related supply chain issues.

It is unlikely to remain the only $3tn company as analysts expect Microsoft will also hit the mark later this year.

Apple thinks ahead

In the other report, an anonymous tipster hinted that Apple has advised major U.S. carriers to prepare for the launch of eSIM -only smartphones by September 2022.

The tipster shared a seemingly legitimate document outlining the timeframe for this initiative, although the document does not specifically mention Apple or the iPhone.

As part of the transition, some U.S. carriers will allegedly start offering select iPhone 13 models without a nano-SIM card in the box in the second quarter of 2022.

iPhone 13 models sold at Apple Stores or on Apple.com already lack a nano-SIM card in the box, with users typically able to activate a cellular plan via eSIM by turning on the iPhone, connecting to a Wi-Fi network, and following the on-screen instructions.

Given the alleged September 2022 deadline, it is possible that Apple might remove the physical SIM card slot starting with some iPhone 14 models, rather than some iPhone 15 models as originally rumored, but nothing is definitive at this point.

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