Apple today became the world’s first $3 trillion company based on market capitalization, which is the total value of all of the company’s outstanding shares. The milestone comes after Apple’s stock price rose over 40% in the last year.
The impressive feat, which Apple achieved when its stock price reached the $182.86 mark, comes 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.
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.
Read more at MacRumors.com