Apple becomes first company in US to surpass $3 trillion market cap

Apple iPhone

Monday, January 3 saw Apple achieve a largely symbolic, but still formidable milestone; a market value of more than $3 trillion, making it the first-ever publicly traded company to be worth that much.

It was on that day that Apple shares briefly increased by around 3% to $182.88. This was a new all-time high and above the $182.85 per share needed in order to break the $3 trillion barrier.

The stock did later pull back from that level, leaving the Cupertino firm’s market cap below $3 trillion by the end of the day. Nonetheless, it is another landmark achievement during Apple’s membership of a trillion-dollar club of companies also including the likes of Amazon, Microsoft, and Tesla.

The iPhone maker first exceeded a $1 trillion market value in August 2018, and $2 trillion during August 2020. Over the course of 2021, Apple shares increased by almost 35%, as the firm continued to enjoy strong demand for the iPhone 13 and subscription services such as Apple TV+ and Apple Music.

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Marcus
About the Author

Marcus is a London-based tech enthusiast with a deep love for Apple and an active passion for sports. From the precision of the Apple Watch tracking his runs to the seamless integration of his AirPods during gym sessions, he’s all about how Apple’s innovations enhance his athletic lifestyle. When he’s not cheering on his favorite teams or testing the latest macOS features, Marcus can be found exploring London’s parks or debating the merits of the M-series chips with fellow Apple fans.