Apple sets record with $3 trillion marketcap, it's bigger than India's GDP

Apple Inc has become the first US company to top the 3 trillion dollar mark for its marketcap. With soaring sales, Tim Cook sits atop the world's largest company with a $3 trillion market cap. $3 trillion - is bigger than the GDP of the UK, France, and India and closing in on Germany's economic output.

Here is a look into Apple's soaring numbers-:

• Apple has tripled its valuation in the last four years

• Became the first publicly traded US company to hit a $1 trillion in 2018

• It hit a $2 trillion valuation just over two years later on Aug. 19, 2020

• Stock is up 5800% since Steve Jobs' debuted the iPhone in 2017

• Since 2017: Apple stock up 5800%, S&P500 up 230%

• Its weight within the S&P 500 Index is 7%.

• Apple Inc has nearly $200 billion in cash

Apple is likely to have the company at the top as Microsoft is now worth about $2.5 trillion and Google owner Alphabet's market value is right around $2 trillion.

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