Apple was the first company to exceed a $3 trillion market capitalization during 2023.
Apple first touched the $3 trillion level in January 2022, but it exceeded that valuation again in June 2023 and became the first company to close a trading day above it. The achievement showed how a short-lived intraday record can later become a closing-market milestone.
Investors continued to value Apple highly because of its global hardware ecosystem and expanding services business. Products such as the iPhone, iPad, Mac, Apple Watch, and AirPods connect with services including the App Store and Apple Music.
The company’s share repurchases also affect the calculation. When a company buys back shares, fewer shares remain outstanding, so the price required to reach a particular total market value changes. Market-cap records should therefore be read with their date and measurement basis.