Breaking: Apple Becomes First U.S Firm Worth US$3 Trillion [Updated]

AAPL

Apple became the first U.S. company to hit a market cap of US$3 trillion on Monday. Shares hit US$182.88 on the first day of trading in 2022.

Apple Hits US$3 Trillion Market Cap

Apple hit a market cap of US$2.5 trillion back in July 2021. The ongoing rise in values comes as analysts believe that demand for iPhone remain strong, including in the crucial Chinese market, as well growing subscriber numbers for its services, Reuters reported.

The AAPL share price later dropped, meaning its market cap fell below US$3 trillion.

[Updated: Headline fixed to read US$3 trillion not US$1 trillion and updated to reflect later drop in share price.)

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W. Abdullah Brooks, MD

Charlotte: First, Happy New Year.  Second, it seems like only yesterday (late winter or early spring of 2018) when I was listening to the tech tent on BBC, and the host was asking a motley crew of commentators which company did they think would the first to hit a $1T market cap, and they mentioned Amazon, Google, FB and even MS, all giving their justification.  It took the host to address the elephant in the room, namely that no one had mentioned Apple, and indeed seemed to go out of their way to snub the company. Following a short, likely… Read more »