Apple's market value exceeded $3 trillion for the first time! The world's first!

On January 4, Apple's stock price closed up 2.5% on Monday at $182.01, a record high with a market capitalization of $2.99 trillion.

Intraday, Apple's stock price rose nearly 3%, and its total market value exceeded the $3 trillion mark for the first time, becoming the first company in history to reach this milestone.

The $3 trillion breakthrough is 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.

Since the COVID-19 pandemic, Apple has reported strong earnings results as demand for its products and services increases as more people work from home, learn and connect with others. The company's revenue for the quarter is expected to exceed $118 billion, more than the all-time quarterly record of $111.4 billion set a year ago.

"Reaching $3 trillion is another historic moment for Apple, as the company proves once again that skeptics are wrong to question its growth," said Dan Ives, an analyst at Wedbush, who has a $200 price target for Apple.

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