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macrumors bot
Original poster
Apr 12, 2001
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Apple briefly became the world's first $3 trillion company today based on market capitalization, which is the total value of all of the company's outstanding shares. The milestone came after Apple's stock price rose over 40% in the last year.

apple-logo-cash-feature.jpg

The impressive feat, which Apple achieved when its stock price reached the $182.86 mark during intraday trading, came just over 16 months after Apple became a $2 trillion company and less than three and a half years after Apple reached the $1 trillion mark.

Update: Apple's market cap was slightly below the $3 trillion mark again as of the stock market closing at 4:30 p.m. Eastern Time.

Apple has reported strong earnings results since the start of the pandemic, as its products and services have been in high demand as more people work, learn, and connect with others from home. The company's revenue is forecasted to top $118 billion in the current quarter, surpassing its all-time quarterly record of $111.4 billion set a year ago.

In a memo shared with staff when Apple hit the $1 trillion mark in 2018, Apple CEO Tim Cook said the achievement was "not the most important measure of our success," adding that "financial returns are simply the result of Apple's innovation, putting our products and customers first, and always staying true to our values."

"Hitting $3 trillion is another historical moment for Apple as the company continues to prove the doubters wrong with the renaissance of growth story playing out in Cupertino," said analyst Dan Ives of Wedbush, which has a $200 price target for AAPL.

Apple will look to build upon its success in 2022, with a wide range of products rumored to launch, including at least five new Macs, a redesigned iPad Pro with support for wireless charging, a rugged version of the Apple Watch, second-generation AirPods Pro, an AR/VR headset focused on gaming, content consumption, and communications, and more.

Article Link: Apple Briefly Becomes World's First $3 Trillion Company
 
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djcerla

macrumors demi-god
Apr 23, 2015
2,192
11,009
Italy
Law of large numbers be damned.

“If Apple’s share price grew even 20 percent a year for the next decade, which is far below its current blistering pace, its $500 billion market capitalization would be more than $3 trillion by 2022. That is bigger than the 2011 gross domestic product of France or Brazil.”

The New York Times, 2011
 

julesme

macrumors 6502a
Oct 14, 2016
524
1,907
San Jose
Congratulations to the brilliant engineers who, over the course of many years, have developed the hardware and software that has made so many of our lives better, often in surprising ways. Personally, I never thought I would enjoy the Watch so much, and years later, I had a similar reaction when trying my AirPods Pro for the first time.
 
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