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With Record Market Cap, Apple Plows Funds into Projects

With Record Market Cap, Apple Plows Funds into Projects

industrial_manufacturing

Industry Segment: Industrial Manufacturing | Word Count: 593 Words

SUGAR LAND--January 6, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--It's official. Earlier this week, Apple Incorporated (NASDAQ:AAPL) (Cupertino, California) became the first U.S. company to hit a market capitalization of $3 trillion. The record-breaking event occurred when Apple's share price passed the $182.86 mark on Monday. According to financial news media, the milestone comes less than two years after its market cap hit $2 trillion. Apple seems intent on growing its value even further by plowing money into additional projects to grow the company. Industrial Info is tracking $4.9 billion in active Apple projects in the U.S., Ireland and Denmark.

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