Apple Has Become World’s First Company to Hit $3 Trillion Market Cap

Apple Inc. ($AAPL) has crossed the $3 trillion mark on Monday in the stock market after the price of each share reached up to $182.86. It has become the first company in the world to achieve this milestone. This is more than the whole GDP of the United Kingdom.

The tech giant was started with just a garage in California in 1976 by Steve Jobs and Steve Wozniak. The price of its shares has risen by around 40% in the past year. It took just a bit more than a year to achieve the $3 trillion market cap up from $2 trillion. Apple was also the first American company to achieve the $1 trillion and $2 trillion market cap.

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Other companies like Microsoft, Google, Amazon, and Tesla are also there in the trillion-dollar club. Apple was one of the few companies whose revenue was growing strong amidst the pandemic since 2020.

“When we started, we thought it would be a successful company that would go forever. But you don’t really envision this. At the time, the amount of memory that would hold one song cost $1 million.” said Steve Wozniak.

Apple is expected to launch a huge range of products this year and would be going to new categories like AR/VR. Earlier there were rumors that the Cupertino giant will launch five new Macs, redesigned iPad Pro with wireless charging, a rugged Apple Watch, next-gen AirPods Pro, and a VR headset.

Satyendu
Author: Satyendu

Appleosophy Weekly

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