Record! Apple became the world's first company with a market capitalization of up to $3 trillion

According to today's Russian Television (RT) reported on the 3rd, at the beginning of the new year, Apple's stock price ushered in a new high, as investors injected new funds into the company's stock trading on the first day of regular trading, Apple became the world's first company with a market value of $3 trillion.

Russian Tv Today reported with picture

Apple's stock price peaked at $182.88 on Monday (3), up 3% from Friday's closing on the New York Stock Exchange. Pushed the company's market capitalization to more than $3 trillion. The stock closed down to $182.01, or Apple's closing market capitalization at $2.986 trillion, slightly below the intraday milestone.

After spending 44 years to become a $2 trillion company, Apple has broken through the $3 trillion mark in less than 17 months. In fact, its market capitalization has tripled since it broke through the trillion dollars in August 2018.

In addition to Apple, U.S. software giant Microsoft and Saudi Aramco, the state-owned oil company, have also become members of the "$2 trillion club.", according to the report. Two other U.S. tech companies are close behind, with Google parent company Alphabet having a market capitalization of nearly $2 trillion, while Amazon's market capitalization has already exceeded $1.7 trillion.

Tesla, an electric car maker led by Elon Musk, led the gains on Monday, with shares up nearly 14 percent. The spike increased Tesla's market capitalization by about $140 billion, surpassing $1.2 trillion less than three months after the company joined the "$1 trillion club."

Daniel Ives, an analyst at Wadebush Securities, said apple sales in the New Year's holiday shopping season are estimated to exceed 40 million units thanks to strong demand for the iPhone 13. Investors are more bullish on the company's ability to roll out popular hardware, but Ives believes that Apple's services business is also valued at nearly $1.5 trillion.

Ives added: "Being the first company to go into the $3 trillion club is a moment for (CEO Tim Cook) to show strength. (Edit: SDY)