Apple became the first public business valued at $3 trillion in January 2022.
The company briefly reached the milestone during trading on January 3, 2022, when its share price rose to the level required for its outstanding shares to be worth approximately $3 trillion. The figure was based on market capitalization rather than revenue or profit.
Apple had already set earlier records by reaching $1 trillion in 2018 and $2 trillion in 2020. Those milestones reflected both rising demand for Apple products and investors’ expectations about future earnings from hardware, software, and services.
A market-cap milestone can be temporary because share prices fluctuate continuously. This is why reports may distinguish between briefly touching a valuation and ending a trading session above it.