Apple reaches record stock market valuation

Tech giant has been located in Cork for over 40 years

Apple currently employs around 6,000 people in Ireland and has expanded beyond Cork City's northside, taking up space on Lavitt's Quay in the city centre and offices in the new HQ development on Horgan's Quay. Picture: Dan Linehan

Apple’s stock market value briefly rose above $3 trillion (€2.65trn) this week, becoming the first company in history to reach such a valuation and underscoring how the pandemic has turbocharged Big Tech’s decades-long rise.

The iPhone maker’s share price has climbed steadily for years, leaving it up more than 200% since Covid first sent the world into lockdown in early 2020 and underlined the centrality of technology for work, education, entertainment, and keeping connected.