Apple Closes in on $3-Trillion Market Value | Technology News – NDTV Gadgets 360

The company’s shares fell just over 2 percent on Monday to close at $175.74 price needed to record a $3 trillion market value.

Eclipsing the $3 trillion milestone would add another feather in the cap for Chief Executive Tim Cook, who took over after Steve Jobs resigned in 2011, and oversaw the company’s expansion into new products and markets.

Apple shares have returned 22 percent per year since the 1990s, while the S&P 500 has returned less than 9 percent annually in the same period.

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