Apple became the first company to reach a market capitalization of $3 trillion
Apple took a new year off, becoming the first public company to be valued at $3 trillion on the first day of trading in 2022. The Cupertino-based tech giant hit a high of $182.85 on Monday, briefly reaching the $3 trillion mark. By the time the market closed, the stock had slipped slightly to $182.01, meaning Apple ended the day with a market cap of $2.99 trillion.
To understand this number, one can combine AMD, Intel, Nvidia, Netflix, Disney, Walmart and Bitcoin, and Apple is still more valuable.
This achievement is largely symbolic, but it does highlight how much value Apple has added in a relatively short period of time.
Apple reached a market capitalization of $1 trillion in August 2018 and will reach the $2 trillion mark in just two years. It took the tech giant just 16 months to raise another $1 trillion, more than $3 trillion.
Overall, the recent performance of big tech companies has been impressive. Microsoft is currently valued at $2.5 trillion, and Google isn't too far behind in its $2 trillion valuation. Amazon and Tesla have also performed well in recent months, with the former holding a market capitalization of $1.74 trillion and the latter at the time of writing at $1.2 trillion.
Apple reportedly has a solid lineup of products in 2022, including a new Mac, Apple Watch, an updated iPhone, and more. We might even see Apple's long-rumored VR.