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Apple became the first publicly traded company to close a trading day with a three trillion dollar (£2.36 trillion) market value, marking another milestone for a technology juggernaut that has reshaped society with a line-up of products that churn out eye-popping profits.
Shares in the Silicon Valley giant closed up 2.3% at 193.97 dollars (£152.73) on Friday, bringing its market value to 3.04 trillion dollars.
Apple is one of a handful of technology companies, including Microsoft and chipmaker Nvidia, that helped drive the S&P 500 to a gain of nearly 16% in the first half of the year.
The 47-year-old company co-founded by Silicon Valley legend Steve Jobs had briefly eclipsed a three trillion dollar market value on back-to-back days in January 2022, but could not hold on by the time the market closed.
But how does Apple's historic value compare to other business giants such as Tesla,
1. Apple - $3trn
The Silicon Valley tech giant has become the first publicly traded company to be valued at $3trillion. Apple shares closed up 2.3% at $193.97 on Friday, bringing its market value to 3.04 trillion dollars. | Lauren DeCicca/Getty Images
2. Microsoft - $2.5trn
The Bill Gates founded company is worth $2.53trillion as of the end of June 2023. Microsoft shares closed up 5% on Friday and are now worth $340.54 each. | AFP via Getty Images
3. Saudi Aramco - $2.08trn
Saudi Aramco, also known as the Saudi Arabian Oil Group or simply Aramco, is valued at $2.08 trillion as of the end of June 2023. Shares in Aramco were valued at 32.25 SAR (Saudi Riyal) on Friday, up 0.050%. | AFP via Getty Images
4. NVIDIA - $1.94trn
This American tech giant is valued at $1.94 trillion - just shy of $2trn - as of the end of June 2023. At the end of trading on Friday, NVIDIA shares were up 14% to $423.02. | Getty Images