According to a report by The Guardian on Monday, Apple has become the first US company to reach a market capitalization of $3 trillion. This comes more than a year after the company crossed the $2 trillion mark, three years after crossing the $1 trillion mark.

Apple hit the $1 trillion mark for the first time in 2018, and the global COVID-19 pandemic has given the company (and many other tech companies) massive growth due to working-from-home status. increase.

In 2021, Apple's market capitalization grew by nearly $1 trillion, and Microsoft grew at a similar rate. As of the fourth quarter, Microsoft has reached $ 2.5 trillion, so the software giant will soon follow Apple to surpass the $3 trillion mark.

Apple's great success has mainly come from the iPhone. This is the device that revolutionized the smartphone industry and is still the "milking cow" of the Apple family.

But Apple also sees strong growth momentum in its other businesses, with its Mac and services division reporting all-time high earnings for the fourth quarter of 2021.

According to The Guardian, Apple is now worth more than a bunch of other names combined, including Boeing, Coca-Cola, Disney, Exxon-Mobil, McDonald's, Netflix and Walmart. In October, Apple reported a quarterly profit of $20.6 billion, despite ongoing supply chain problems around the world.

However, such information only increases confidence in the company and boosts its stock price. Unfortunately, Apple's 3 trillion market capitalization figure was short-lived, because after a few hours, that value had dropped to $ 2.99 trillion.
[SOURCE]
Axact

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