Apple became the first company to close a trading session above a $3 trillion market capitalization in June 2023.
Apple finished trading above the threshold on June 30, 2023. This was different from merely passing the level during the day: a closing milestone uses the company’s final share price for that session.
The achievement followed Apple’s earlier intraday crossing in January 2022. It demonstrated how rapidly the market value of a large public company can change with movements in its share price.
Apple’s market capitalization has been supported by the global reach of the iPhone, a large installed base of devices, and expanding services such as payments, cloud storage, music, and video. Rankings can change quickly because public-company values fluctuate every trading day.