Apple Is First Company With $3 Trillion Market Cap

The Associated Press reports:

Apple became the first publicly traded company to close a trading day with a $3 trillion market value, marking another milestone for a technology juggernaut that has reshaped society with a line-up of products that churn out eye-popping profits.

Apple shares closed up 2.3% at $193.97 Friday, bringing its market value to $3.04 trillion. Apple is one of a handful of technology companies, including Microsoft and chipmaker Nvidia, that helped drive the S&P 500 to a gain of nearly 16% in the first half of the year.

Although the significance of reaching a $3 trillion market value is largely symbolic, its magnitude is still breathtaking. Microsoft is the second-most valuable public company at $2.5 trillion. Oil giant Saudi Aramco has a market value of $2.08 trillion. Alphabet, the parent of Google, Amazon and Nvidia have market values above $1 trillion.

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Apple is now the first public company to be valued at $3 trillion, marking another milestone for a technology juggernaut. https://t.co/9baB2Sctvy

— The Associated Press (@AP) June 30, 2023