Apple became the first company to reach a $3 trillion stock-market valuation during intraday trading in 2022.
Apple crossed the milestone briefly on January 3, 2022, when its share price rose enough for the total value of its outstanding shares to reach approximately $3 trillion. Market capitalization is calculated by multiplying a company’s share price by its shares outstanding, so the milestone can occur during trading before a closing price confirms it.
Apple later moved above and below the threshold as markets changed. The company’s long-term growth has been driven by products including the Macintosh, iPod, iPhone, iPad, Apple Watch, and services. The $3 trillion event followed Apple’s earlier distinction as the first public company to reach $1 trillion in 2018.