Apple (Photo by Stephen Lam/Getty Images)
Roommates, it’s official!! After months of tech and financial experts closely monitoring when it would happen, Apple is now the first company in the world to ever be valued at $3 TRILLION dollars! You’ll recall that Apple’s market value first crossed the $1 trillion threshold in August 2018 and passed $2 trillion in August 2020.
It was only a matter of time before massive technology company Apple reached another major milestone—and this time it involves trillions! It was recently confirmed that for the first time in history a company is valued at $3 trillion dollars…and that company is none other than Apple. The company officially made history earlier today when its market value finally topped a $3 trillion, also making it the first publicly traded company ever to be worth that much.
Following the announcement of its new market value, shares of Apple stock briefly rose to about 3% higher than normal for an all-time record of $182.88, surpassing the $182.85 per share it needed to be worth $3 trillion.
Additionally, in 2021 Apple shares were up nearly 35% due to consumers increasing demand for company products. Sales for the new iPhone 13, subscriptions for Apple Music, Apple TV+, iCloud and its popular App Store all increased within the past year to help the tech giant cross the historic financial threshold.
Sales previously skyrocketed nearly 30% to more than $83 billion in the fall 2021 quarter back in September. Also, in case you didn’t know, Apple has a staggering $191 billion in cash.
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