Today, US tech giant Apple becomes the world’s $3 trillion company in terms of market capitalization as the company’s stock price remarkable since the last year.
Apple successfully achieved this extraordinary milestone because, since the last year, the AAPL share price has been risen by over 40% and surpassed this impressive “$3 Trillion Company” title along with the “Most Valuable Company” when it reached $182.86 stock price ($182.01 as of writing this article).
A huge $3 trillion mark was reached by the Cupertino company in just over 16 months after became the world’s first $2 Trillion Company and less than three and half years after reaching a $1 trillion valuation.
Since the beginning of the pandemic, all of the Apple products have been in high demand as more and more people connect with others from home for work and learn through iPhone, iPad, Mac, Apple Watch, and more.
And that’s why, on October 28 last year, Apple announced its financial results for the fourth fiscal quarter of 2021, where the company reported its all-time-high revenue of $83.4 billion and $20.5 billion in net profit. But now, with a $3 trillion valuation, it leads at the top with left behind Google, Microsoft, and Amazon.
In August 2018, when Apple became the world’s first $1 trillion company, Apple CEO Tim Cook said the financial achievement is “not the most important measure of our success, financial returns are simply the result of Apple’s innovation, putting our products and customers first, and always staying true to our values.”
Apple is now looking for another phenomenal milestone in 2022 with multiple new best-in-class products that are currently expected to launch, including an AR/VR headset, iPhone 14 lineup, Apple Watch Series 8, more powerful Mac machines, 2nd-generation AirPods, and more.
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