Apple became the first company to reach $3 trillion market cap along with its stock growth of $182.88 per share.
On January 3, yet another major milestone was reached by Apple Inc. The tech company has become the world's first company to hit a market cap of $3 trillion. Apple kept its outstanding share price growth – it tripled in value in under four years. The company's stock grew to $182.88 per share on Monday.
In 2018, Apple also was the first publicly traded U.S. company to reach a $1 trillion market cap, hitting the $2 trillion mark in 2020. In 2021, the company's shares were up nearly 35%. Apple enhanced its benefits from growing demand for its iPhone 13, Apple Music, Apple TV+, iCloud, and App Store.
Currently, the company closest to the $3 trillion market cap is Microsoft being valued at about $2.6 trillion today. It is followed by Alphabet (the Google owner) which is worth about $2 trillion. Other lucrative companies include Amazon and Tesla, though they are inferior to the previously mentioned tech giants with market caps of $1.7 trillion and $1 trillion respectively. Meta also joined the $1 trillion club in June 2021.