"Apple's Market Cap Soars to $3 Trillion Amidst Ongoing Tech Rally"

Apple became the first publicly traded company to reach a market valuation of $3 trillion for the second time, as its shares surpassed $190.74. The tech giant's success can be attributed to its ability to navigate the supply chain crisis caused by COVID lockdowns and the resilience of its iPhone business. While other tech companies have benefited from the AI hype wave, Apple has largely stayed away from AI-related ventures. Instead, its focus has been on the upcoming launch of its Vision Pro AR/VR headset and expanding into the Indian market. Despite facing difficult comparisons due to the pandemic-induced surge in sales, Apple's iPhone sales have continued to grow.