Apple’s $3 Trillion Market Value Follows 5,800 Percent Gain Since iPhone Debut

Apple’s $3 Trillion Market Value Follows 5,800 Percent Gain Since iPhone Debut
An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City on July 21, 2015. Mike Segar/Reuters
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Apple on Monday became the first publicly traded company with a stock market value of over $3 trillion, marking the latest milestone in the Silicon Valley heavyweight’s spectacular stock surge since introducing the iPhone in 2007.

Apple’s shares have climbed around 5,800 percent since co-founder and former Chief Executive Steve Jobs unveiled the first iPhone in January 2007, far outpacing the S&P 500’s gain of about 230 percent during the same period.