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

Apple Inc has become the first ever public company to reach $3 trillion in market value after the stock rallied 3% on Monday, Jan. 3, 2022.

On the first day of trading in 2022, the Silicon Valley company’s shares hit a record of $182.88 around mid-day.

The tech giant’s rise to a $3 trillion market cap, which is based on its stock price, comes less than two years after its market cap hit $2 trillion.

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

Apple’s rise to $3 trillion comes on the back of the incredible success of its iPhone line, which has spawned accessories like the Apple Watch and AirPods, not to mention services like AppleCare, the App Store, Apple Music+, and Apple TV+.

“It’s a fantastic accomplishment and certainly worthy to be celebrated,” said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. “It just shows you how far Apple has come, and how dominant it is seen as in the majority of investors’ eyes.”

Apple shared the $2 trillion market value club with Microsoft Corp (MSFT.O), which is now worth about $2.5 trillion. Alphabet (GOOGL.O), Amazon.com Inc and Tesla (TSLA.O) have market value above $1 trillion.

Awwal

I'm a writer with an attitude, a positive vibe and an undying love for ENTERTAINMENT. you love gossip? i'm right here! Twitter: @HusseinAwwal?//??Email: [email protected]? //??Phone Number: +2348053834017

Leave a Reply

Your email address will not be published.

Follow Me

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.