Apple Touches The Milestone Of $3 Trillion Market Value
Apple is known to break all kinds of records and cross milestones from time to time. In yet another record-breaking feat, Apple has become the first multinational company in the world to cross $3 trillion in market value. Recently, it was reported that the worldwide company and iPhone maker hit $3 trillion, which is a first for any publicly-traded company.
Apple shares rose briefly to about 3% and reached an all-time high at $182.88, exceeding its initial $182.85 per share. It is now worth $3 trillion, and this is a super big achievement for the company. The market value of Apple earlier crossed the threshold of $1 trillion in August 2018. After that, it crossed $2 trillion in the month of August 2020.
In 2021, the shares of Apple rose up to 35%. The company benefited from this boom, and the demand for the all-new iPhone 13 as well as the other previous models and subscription services like iCloud, Apple Music, Apple TV, and App Store became higher later that year. During this time, sales surged to at least 30% more than its initial fall quarter of $183 billion, which concluded in September. The company then had a staggering $191 billion in cash.
It now seems that Apple is soon going to be joined by other major companies in the club of $3 trillion. For instance, Microsoft market cap is worth nearly $2.5 trillion, while Google is another joint behind Amazon with a current market cap of $1.7 trillion. In addition to that, Tesla is worth nearly $1.2 trillion, according to the latest data.
Apple has seen a lot of success and growth in recent years as its products continue to be in demand. The Apple market is widespread, and its products are appreciated by people across the globe today. Apple market value has grown by leaps and bounds in recent years, and this new achievement is nothing short of a feat for the multinational technological company.
We are sure that its current market value of $3 trillion is just the tip of the iceberg, and there are many more milestones left for the company to cross. Rest assured, Apple has certainly set a benchmark for its competitors, and there are several more surprises in store from the multinational in the future.