Apple Inc has officially become the first U.S public company to hit a Market Value of $3 trillion following a 3% increase in stock.
in market value after the stock rallied 3% on Monday, Jan. 3, 2022 less than 2 years after it reached a Market cap of $2 trillion. Day one of trading in 2022, the Shares of the Silicon Valley company marked a record of $182.88 around mid-day.
The tech company’s rise to $3 trillion could be linked to the marketability and success of its iPhone line, which has rolled out accessories like the Apple Watch and AirPods, not to exclude services like AppleCare, the App Store, Apple Music+, and Apple TV+.
The Apple Inc increased market value, now leaves Microsoft Corp (MSFT.O), which is now worth about $2.5 trillion in the above $2 trillion market value bracket, and Alphabet (GOOGL.O), Amazon.com Inc and Tesla (TSLA.O) above $1 trillion market value category.