Apple hits $3 trillion market cap

Source: The Verge

“Apple’s market cap passed $3 trillion on Monday more than a year after it surpassed the $2 trillion mark and three years after eclipsing $1 trillion. Apple’s huge success is due in large part to the iPhone, which revolutionized the smartphone industry and remains a cash cow for the company. But Apple continues to see strong momentum in its other businesses as well, with its services and Mac divisions reporting all-time highs in its Q4 2021 earnings. … In recent years, Apple has also jostled with others for the crown of the world’s most valuable publicly traded company. It passed Saudi Aramco in July 2020, though it was overtaken for a time by Microsoft in October.” (01/03/22)