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wrote a post01/05/2022 15:49

Apple’s market cap tops $3 trillion, a first for any stock

$Apple(AAPL.US)$ has set a new milestone among publicly traded companies with its market value briefly topping $3 trillion on Monday.

The tech company is the first to ever be worth that much, and the achievement comes a little over three years after it hit the $1 trillion mark in August 2018. (It was two years later when it topped $2 trillion.)

$Apple(AAPL.US)$ shares topped $182.86 at 1:48 p.m. ET, putting the company briefly above the $3 trillion mark and making the milestone official. In 2021, the company’s stock was up approximately 35%.

Rival $Microsoft(MSFT.US)$ isn’t all that far behind Apple, currently boasting a market cap of roughly $2.6 trillion. Amazon is a bit further behind, at nearly $1.75 trillion. Sitting between them is $Alphabet-C(GOOG.US)$ $Alphabet-A(GOOGL.US)$ owner Alphabet, at about $2 trillion.

$Apple(AAPL.US)$ hasn’t provided guidance since the start of the pandemic, but CEO Tim Cook did say on the earnings call in October that the December quarter will be the largest in Apple’s history in terms of revenue.
Apple’s market cap tops $3 trillion, a first for any stock
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