Apple became the first publicly traded company to reach a $3 trillion market capitalization during trading on January 3, 2022. The milestone was based on its share price multiplied by the number of shares outstanding.
Apple’s valuation reflected sales of the iPhone, Mac, iPad and wearables, plus recurring revenue from services such as the App Store and iCloud. The company had already set the $1 trillion and $2 trillion records, making the $3 trillion mark another step in its market-value history.
Apple’s stock later moved below and above the level repeatedly because market capitalization changes with every share-price movement. The record concerns intraday trading; closing above a threshold is a separate measurement sometimes reported by financial media.