Apple has become the first $3 trillion publicly-traded company on Monday.
The company hits the milestone more than a year after surpassing the $2 trillion mark and three years after being valued at $1 trillion.
Apple’s success is largely coming from the iPhone, which revolutionized the smartphone industry and remains a cash cow for the company.
But Apple is also seeing strong momentum from its other business units. The Mac division, for example, reported all-time highs in its Q4 earnings.
Apple is not the only company to have surpassed the trillion-dollar market value with other famous tech companies like Amazon, Google, Microsoft, and Tesla all exceeding the cap. However, as often, Apple is leading the way, breaking yet another record as the first $3 trillion publicly-traded company.
Note that Facebook’s parent company Meta breached the $1 trillion milestones in June, before losing value in recent months.
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