Apple becomes first U.S. company to reach $3 trillion market cap

guest · Jan 3, 2022

January 3, 2022

KEY POINTS

Apple hit a market cap of $3 trillion briefly during trading on Monday.

The milestone is mostly symbolic but it represents investor recognition of Apple’s success over the past few years as the company has reported several record-breaking quarters of big growth in all of its product lines.

Apple’s cash flow also makes the stock a safe haven during times of market uncertainty.

Click to expand...

Apple briefly hit a market cap of $3 trillion during intraday trading on Monday, before dropping back under the mark shortly afterwards. Apple broke the barrier when its share price hit $182.86.

Apple rose 2.5% on Monday to close at $182.01, just missing closing the trading day at the $3 trillion mark.
Click to expand...

The milestone is mostly symbolic but it shows investors remain bullish on Apple stock and its ability to grow. At a market value of $3 trillion, Apple tripled its valuation in under four years. And analysts see plenty of room to run.

Apple showed annual growth across all of its product categories in its fourth-quarter earnings, with revenue up 29% year-over-year. While the iPhone is still the biggest sales driver, Apple’s services business grew 25.6% year-over-year and delivered more than $18 billion in revenue during the quarter.
Click to expand...

Log in or Sign up

Apple becomes first U.S. company to reach $3 trillion market cap

guest Guest

Log in or Sign up

Apple becomes first U.S. company to reach $3 trillion market cap

guest Guest

Useful Searches