Apple becomes first U.S. company to reach $3 trillion market cap

[superadmin]

• 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 -