Apple becomes first U.S. company to reach $3 trillion market cap - Printable Version +- Ipoh Community Forums (https://forums.ipoh.com.my) +-- Forum: News and Current Affairs (https://forums.ipoh.com.my/forum-11.html) +--- Forum: International News (https://forums.ipoh.com.my/forum-13.html) +---- Forum: Business, Economy and Investment (https://forums.ipoh.com.my/forum-56.html) +---- Thread: Apple becomes first U.S. company to reach $3 trillion market cap (/thread-4359.html)

Apple becomes first U.S. company to reach $3 trillion market cap - superadmin - 01-04-2022 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. 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. - More -