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Apple becomes first company to hit $3trn market cap

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Tech giant, Apple Inc. shares hit an all-time high on Monday, thus helping the iPhone maker to become the first company to hit $3 trillion market capitalization.

During its trading on Monday morning, the stock price reached $182.88, making it the first publicly traded company in history to reach $3 trillion market valuation. Shares are currently trading at $182.11, up $4.54 or 2.56%.

Apple reached the latest milestone just less than two years after it breached the $2 trillion mark. Apple’s market value first crossed the $1 trillion threshold in August 2018, and exceeded $2 trillion in August 2020.

Meanwhile, Apple can soon expect company in the $3-trillion club, with Microsoft Corp. most probably being the next with current capitalization of about $2.6 trillion. Google owner Alphabet’s market value is right around $2 trillion, while other giants like Amazon, and Elon Musk’s Tesla have capitalization of around $1.7 trillion and $1.2 trillion, respectively. (RTTNews)

Apple reached the latest milestone just less than two years after it breached the $2 trillion mark.

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