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.