01-04-2022, 09:20 AM
- Apple hit a market cap of $3 trillion briefly during trading on Monday.
- The milestone is mostly symbolic but it represents investor recognition of Apple’s success over the past few years as the company has reported several record-breaking quarters of big growth in all of its product lines.
- Apple’s cash flow also makes the stock a safe haven during times of market uncertainty.
![[Image: apple-event-september-14.jpg]](https://images.macrumors.com/t/GjWVXEo8JKTFUdIFKOpsJcZwG4A=/1600x1200/smart/article-new/2021/09/apple-event-september-14.jpg)
Apple briefly hit a market cap of $3 trillion during intraday trading on Monday, before dropping back under the mark shortly afterwards. Apple broke the barrier when its share price hit $182.86.
Apple rose 2.5% on Monday to close at $182.01, just missing closing the trading day at the $3 trillion mark.
The milestone is mostly symbolic but it shows investors remain bullish on Apple stock and its ability to grow. At a market value of $3 trillion, Apple tripled its valuation in under four years. And analysts see plenty of room to run.
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