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114 shares, 327 points

Apple’s market cap crossed the $3 trillion mark on Monday. Apple had a market cap of $1 trillion about three years ago, and $2 trillion just over a year ago.

Apple’s great success is largely due to the iPhone lineup, which has revolutionized the smartphone industry and remains the main source of revenue for the company. But Apple continues to have strong momentum in other businesses as well, such as its services and Mac division, which reported all-time highs in Q4 2021 earnings.

Shortly after reaching the $3 trillion milestone, Apple’s market cap dropped back below $3 trillion, The Verge reported. For Apple to be officially designated as the first publicly traded company with a $3 trillion valuation, the company must have a market value of over $3 trillion at the close of the stock market. But when the stock market closed on Monday, the company’s market cap was under $3 trillion.

However, Apple isn’t the only name on the trillion-dollar list of companies. Amazon, Google’s parent company Alphabet, Microsoft and Tesla also have market values ​​of over $1 trillion. In June, Facebook’s parent company Meta had a market cap of $1 trillion as well, but currently the company’s market cap is below $1 trillion.

In recent years, Apple has competed with other companies for the title of the world’s most valuable publicly traded company. The tech giant took first place over Saudi Aramco in July 2020, but handed over the top spot to Microsoft for a while last October.


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