December 08 - 11:12
Apple set to become the first company valued at $3tn
Apple is poised to become the world’s first $3tn company as it emerged that a secret deal with China had helped fuel the iPhone maker’s growth in recent years. The deal has prompted Morgan Stanley to lift the company's rating to $200 per share, despite the fact that the company fell far short of its iPhone production targets for the year, blaming chip shortages and COVID-19-related disruptions.
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