Apple became the world's first publicly traded company valued above $3 trillion.
Apple briefly crossed the $3 trillion market-capitalization threshold during intraday trading on January 3, 2022. The milestone was calculated from Apple's share price and number of shares outstanding, so it represented the market's valuation of the company rather than cash held by Apple.
Apple later reached the threshold again and closed above it in 2023. Its valuation was supported by the iPhone ecosystem, services revenue, wearables, a global retail and distribution network, and strong customer loyalty.
Market-cap records are different from revenue records and can change quickly when share prices move. The first crossing also depended on the exact moment measured: a company may pass a round-number valuation during trading without ending the day above it.