Apple became the world's first $ 3 trillion company

Apple is on the verge of reaching a 1:17 billion dollar milestone

(CNN Business) -

Apple reached another important milestone.

The iPhone maker surpassed a market value of $ 3 trillion on Monday, the first publicly traded company that is so high in value.

The company's shares briefly rose about 3% to a new all-time high of US $ 182.88, surpassing the US $ 182.85 per share it needed to be worth US $ 3 trillion.

Later, stocks fell back from that level.

Apple's market value first crossed the $ 1 trillion threshold in August 2018 and surpassed $ 2 trillion in August 2020.

Apple breaks record and is now worth more than $ 2 trillion 1:13

Apple sales

Shares of the tech giant rose nearly 35% in 2021. The company has benefited from growing demand for its new iPhone 13 and older models such as subscription services such as Apple Music, Apple TV +, iCloud and its popular App Store. .

Sales rose nearly 30% to more than $ 83 billion in Apple's fall quarter, which ended in September.

The company also has a $ 191 billion cash fortune.

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But before long, Apple may have a company in the $ 3 trillion club.

Microsoft is now worth around $ 2.5 trillion and the market value of Google's owner Alphabet is around $ 2 trillion.

Still giant, but further behind, is Amazon, which has a market capitalization of $ 1.7 trillion, and Elon Musk's Tesla, worth about $ 1.2 trillion.

Manzana