Apple’s $3 trillion market value is higher than GDP of UK, India 
When Apple reached another milestone earlier this week, breaching the $3 trillion market cap, albeit briefly, it became the first IT company to do so. The iphone maker broke the barrier when its share price hit $182.86 briefly.
It is higher than the GDP of all but four countries – the US, China, Japan and Germany. To put the figure in perspective, India’s estimated GDP of Rs 197 lakh crore in 2020-21 translates to under $2.7 trillion at the current exchange rate. Also, more than the GDP of the United Kingdom.
The landmark represents a trebling of the tech giant’s valuation in a little over three years, having crossed the trillion-dollar mark in August 2018. It breached the $2 trillion level two years later in August 2020.
The Silicon Valley company has tripled its valuation in just under four years.
Prateek Jain, co-founder & President, Winvesta, told ET that the iPhone maker reached the first trillion dollars-mark in 38…
