Apple is nearly one more significant achievement. The iPhone producer is near topping a market value of more than $3 trillion — the first publicly traded company ever to be worth that much.
Shares of Apple (AAPL) were up around 1% in premarket trading Monday to around $181.75. The stock requirements to hit $182.85 for Apple to outperform the $3 trillion mark.
Apple’s market value first crossed the $1 trillion threshold in August 2018 and passed $2 trillion in August 2020.
Apple shares are up over 35% this year alone. The organization has profited from blasting demand for its new iPhone 13 and other older models as well as subscription services, for example, Apple Music, Apple TV+, iCloud and its famous App Store.
Sales surged almost 30% to more than $83 billion in Apple’s latest quarter, which finished in September. The organization has an astounding $191 billion in cash too.
In any case, after a short time, Apple might have some organization in the $3 trillion club. Microsoft (MSFT) is presently worth about $2.6 trillion and Google proprietor Alphabet’s (GOOGL) market value is close to $2 trillion. Still giant yet further behind are Amazon (AMZN), which has a market cap of $1.7 trillion, and Elon Musk’s Tesla (TSLA), worth $1 trillion.