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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