$3 trillion company

Apple has realized another major milestone in the beginning of 2022. The American tech giant excessed a market value of $3 trillion on January 3rd, 2022. As a result, it became the first publicly traded company ever to be worth that much. In fact, shares of Apple were briefly up about 3% to a new all-time high of $182.88 on that day. It surpassed the $182.85 per share, and this number was needed to be worth $3 trillion. The stock later pulled back from that level.

Recently, shares of Apple have been rising at unprecedentedly pace. More specifically, its market value first crossed the $1 trillion threshold in August 2018 and passed $2 trillion in August 2020. What’s more, Apple’s shares were up nearly 35% in 2021. The company has benefited from booming demand for its new iPhone 13 and other older models. Also, it has benefited from subscription services such as Apple Music, Apple TV+, iCloud and its popular App Store.

Subscribe to get access

Read more of this content when you subscribe today.