Apple became the first company to reach a $3 trillion stock-market value in January 2022.
The milestone occurred during trading on January 3, 2022, when Apple’s share price briefly reached the level needed to value all of its outstanding shares at about $3 trillion. Market capitalization is calculated by multiplying a company’s share price by its total number of shares.
Apple had previously reached major valuation milestones before this event. It became the first publicly traded U.S. company to reach $1 trillion in 2018 and the first to reach $2 trillion in 2020. Its rise was supported by the iPhone, services such as the App Store, and products including the Mac, iPad, and Apple Watch.
The $3 trillion figure was an intraday milestone rather than a full-day closing valuation. Apple’s market value changed constantly as its stock traded, so the milestone does not mean the company had a fixed $3 trillion price.