Apple Briefly Hit $3 Trillion USD Market Cap
Apple on Monday briefly hit a $3 trillion USD market cap during trading hours, CNBC reported, calling the milestone “mostly symbolic” of Apple’s stock growth.
According to the outlet, Apple reached the financial benchmark when its shares hit $182.86. Shares were down to $182.01 at market close, ending the day just under the milestone number.
Apple became the first publicly traded U.S. company to hit a $1 trillion USD market cap in 2018 and rose to a $2 trillion USD valuation in 2020. Other publicly-listed U.S. tech giants, like Microsoft, Amazon, Alphabet and Tesla, are also worth over $1 trillion USD.
The company announced its financial results for its fiscal 2021 fourth quarter in September, noting a quarterly revenue record of $83.4 billion USD. That number was up 29% year over year and quarterly earnings per diluted share were $1.24.
Apple also released a stellar lineup of products in 2021, including AirTags, fully-redesigned AirPods, the Apple Watch Series 7, a new iPad lineup,the iPhone 13 and the all-new MacBook Pro M1, among others.
In other news, Apple AirPods Pro 2 may support lossless audio.
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