APPLE STOCK

AAPL reaches $ 3 trillion market capitalization, Apple is now the first company to reach a milestone


Apple stocks have traded at record highs in the past few weeks, and today the company has reached a new milestone in valuation. The value of one share of AAPL reached about $ 182.90 during intraday trading, making Apple the first company in the world to be worth $ 3 trillion.

The growing reliance on ever-expanding services and continued global success with the iPhone, iPad and Mac certainly doesn’t hurt. Apple also has a number of new markets to reach with high expectations from the affordable 5G iPhone SE, a multi-year roadmap for the company’s entry into virtual reality and augmented reality headphones, and a clearer vision for the long-talked-about Apple Car. project.

Apple is also not unaware of the financial milestones among publicly traded companies. In August 2018, the company became the first to reach the $ 1 trillion estimate. Its value doubled two years later in August 2020 when the AAPL reached a market capitalization of $ 2 million. It also means that Apple’s estimate added another trillion dollars faster in about 16 months than between the first and second trillion.

Apple is behind Microsoft and Alphabet (Google) in the range of 2-3 trillion dollars, and Amazon and Tesla occupy the range of 1-2 trillion dollars. After the milestone was reached, $ AAPL returned to trading just below the amount that gives the company its $ 3 trillion estimate – back and forth that probably won’t take long.

Not bad for a company that left college in the garage in the mid-1970s. An incredible $ 2.7 trillion in value, of course, was added under the leadership of Tim Cook after he took over Steve Jobs in 2011.

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Naveen Kumar

Friendly communicator. Music maven. Explorer. Pop culture trailblazer. Social media practitioner.

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