Apple makes history as the first company to have a $3 trillion market cap
Apple became the first listed company to exceed $3 trillion in market capitalization. The company founded by Steve Jobs achieved this milestone in a Monday session in which the main Wall Street indices closed again, marking new all-time highs.
Its shares finally dismissed the session on the Nasdaq with a rise of 2.50% to $182.01, which places its market value slightly below those 3 trillion that it did exceed during much of the first session of the year.
The technology company confirms its reign as the most valuable company in equities, followed by Microsoft ($2.5 trillion); Alphabet, the parent company of Google ($1.97 trillion), the oil company Aramco ($1.9 trillion) and Amazon ($1.73 trillion).
With the boost that the arrival of Covid-19 has brought to the technology sector, the market maintains confidence in the company’s future projects, such as autonomous cars or the metaverse, but above all in that it continues to be capable of raising its business figures even weathering the global semiconductor crisis.
The iPhone maker, which dismissed its 2021 fiscal year last October with profits of $94.68 billion, has taken less than a year and a half to go from a valuation of two trillion dollars to surpass three trillion.
Sales of its flagship product, which represent more than half of the company’s total turnover, soared last year and its services (App Store, Apple TV +) reached a record of revenue in the last fiscal quarter, also boosted for the pandemic.