Apple Hits $3 Trillion Market Value | First U.S. Company to Reach the Milestone

January 4, 2022 | Investopaper

Apple has become the first U.S. company to surpass the $3 trillion market capitalization. As the stock reached $182.86 during the intraday trading on Monday, the company was able to achieve the milestone.

The share price of Apple closed at $182.01 on Monday, with the market value just below $3 trillion. Apple is followed by Microsoft with about a $2.5 trillion market cap. Amazon and Google are trailing behind Microsoft with their market capitalization below $2 trillion.

Apple was the first U.S. company to cross the $1 trillion market cap on August 2, 2018.

With the growing demand for Apple’s products and services, including iPhone & AirPods, analysts remain bullish on the stock.

 

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