06 January 2022 Thursday
Apple is the First Company to Reach the $3 Trillion Market Value
Apple, one of the most known companies in the world, broke another record. After Apple's shares reached $182.86 on Monday, the company surpassed the $3 trillion market cap.
Although the iPhone continues to create in large chunks of its revenues, the last quarter of 2021 also saw its other products contribute to the 29 % year-on-year revenue growth. For instance, Apple gained in $18 billion of revenue in the last quarter with selling 27 million pairs of its latest AirPods.
Company reached the one trillion and two trillion milestones in 2018 and 2020 respectively, Apple's stock rose 35 % only in 2021 to get closest to the three trillion.
Apple has been leading the way in the market with this record, other technology companies continue to follow Apple closely. Market value of Microsoft crossed the $2 trillion mark six months ago. Google's market cap is also around $2 trillion while market value of Amazon is inching closer at $1.75 trillion.
