Today, Apple has become the first company in the world to have a market capitalization of $ 3 trillion, which is the total value of all the company’s shares outstanding.
This milestone was reached as the AAPL stock price has risen by over 40% in the past year, reaching $ 182.86 today. Apple’s impressive $ 3 trillion market capitalization today represents a milestone not seen in the past, barely 16 months after its $ 2,000 billion market capitalization.
Apple has reported excellent results since the start of the pandemic as large numbers of people have been forced to work and study from home with the need to purchase new devices including iPhones, iPads and Macs. Among other things, the company’s revenue will exceed $ 118 billion in the fourth quarter of 2021, setting a new all-time high.
When Apple hit its $ 1,000 billion market cap more than three years ago, CEO Tim Cook said: “This achievement is not the most important measure of our success. Financial returns are simply the result of innovation from Apple, of a company that puts products and customers first, while always staying true to its values. “
And the future will be more and more interesting, as new product categories are expected like the AR headset and the Apple Car, not to mention the first foldable iPhone.