Apple reaches 3 trillion dollars on the Wall Street stock market

Apple became the first US company to achieve such market appreciation.


US technology Apple , the world’s largest company by market capitalization, reached $ 3 trillion in the stock market this Monday during the first session of the year on Wall Street.

The firm of the bitten apple reached the milestone around 1:45 p.m. local time in New York (18:45 GMT) by briefly surpassing $ 182.86 per share, which means that it has tripled its size on the stock market in less than four years.

Investors continue to bet on the company co-founded by Steve Jobs , which in its fiscal year 2021 – ended in October – earned $ 94.68 billion, 65% more year-on-year, boosted by the iPhone and services.

Achievements and more achievements

Apple became the first US company to reach a trillion dollars in 2018, almost four decades after going public, and it doubled that value in just two years thanks to the push of the COVID-19 pandemic.

The iPhone has resurfaced, taking more than half of the sales, although the subscription platforms that it has launched in sectors as diverse as television entertainment, video games, the press and music are gaining weight.

The Californian company has soared in the stock market especially under the leadership of Tim Cook, who succeeded the late visionary Jobs as CEO in 2011, when the company was worth about 350 billion.

Apple maintains the leadership among the largest listed companies globally, followed by Microsoft (2.5 trillion), Alphabet (1.92 trillion), Saudi Aramco (1.9 trillion), Amazon (1.73 trillion) and Tesla ( 1.19 billion).

We will have to wait until the close of the session to see if Apple seals the milestone. In the accumulated of 2021, the company appreciated around 35%.