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Apple: The First $3 Trillion Company

Apple

Apple (AAPL) became a $1 trillion company in August 2018, and two years later—August 19, 2020—became the first company to be valued at $2 trillion.

Then, the tech giant started out 2022 with a bang. On Monday, January 3, AAPL shares rose by 3% intraday, taking it past the latest milestone—$3 trillion.

Apple had briefly lost its crown as the world’s most valuable company to Microsoft (MSFT) at the end of October 2021. But a strong rally since November restored its crown: its stock has added half a trillion dollars to its market value since November 15.

The only other companies in the world worth more than a trillion dollars include…

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This post first appeared at Investors Alley.