Apple first company to reach $3 trillion market value

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New York: Shares of Apple Inc rose as much as 3 percent on Monday to trade at $182.88 – making them the first publically traded company on the planet to cross the $3 trillion market capitalization mark.

Apple’s value now surpasses the nominal gross domestic products (GDPs) of six of the world’s top 10 economies including the United Kingdom, India, France, Italy, Canada and South Korea.

Apple’s sheer size does mean it has an outsized influence over stock markets. It accounts for roughly 7 percent of the S&P 500 Index.

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