Apple has hit that milestone again – market cap of $3 trillion. Indeed, an unbelievable value creation there: Apple’s market value passed the $3 trillion mark again on Friday — a milestone no other company has ever reached.”
The tech giant previously grazed the milestone during intraday trading in January 2022 but closed shy of the mark. Apple shares have risen roughly 47% so far this year — adding about $940 billion in value. The tech sector has seen a flurry of renewed optimism around the potential of artificial intelligence, with the Nasdaq up about 30% and on track for its best first half of a year since the 1980s. Apple has also benefited from a rebound in its iPhone business.
Apple is viewed by investors as a relatively safe stock in a time of global economic uncertainty, boosting its share price.
As we discuss that, Google plans freeze news in Canada over regulations. It joins Meta on this news exit in Canada.
Google says news links will stop appearing on its search engine in Canada by the end of the year, when Bill C-18 takes effect. Also known as the Online News Act, the bill forces the likes of Google and Meta to pay news outlets for their content. News links will also be removed from Google News and Google Discover. The federal government says the bill is aimed at helping level the playing field between local news publications and foreign tech giants, but Google calls it “unworkable.” Google is also pulling the plug on Google News Showcase, which licenses news from local publishers. The move follows a similar step away from news by Meta last week.
Tekedia Mini-MBA edition 16 (Feb 10 – May 3, 2025) opens registrations; register today for early bird discounts.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
---
Register for Tekedia Mini-MBA (Feb 10 - May 3, 2025), and join Prof Ndubuisi Ekekwe and our global faculty; click here.