Apple Became first Company to reach $3 Trillion Market Cap

Apple officially has a market capitalization of $3 trillion and crossed the $182.86 mark December 3 (Monday), making it the first publicly traded company in history to hit such a market valuation. Shares were bouncing above and below the number during the day trade.

The move marked the latest milestone in a pandemic-era surge that carried shares of Apple and other large technology companies to unprecedented highs. Its share price has more than tripled since the pandemic lows of March 2020, adding around $2 trillion in market capitalization.

Apple is a staple in retail and institutional investors’ portfolios. The milestone marked a 41% rise for Apple’s shares since the beginning of 2021, among the biggest gains in the Dow Jones Industrial Average.

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