They say, “Everything that glitters isn’t gold”, well the tech giant Apple will have to beg you to differ. Apple Inc. has hit the golden grail, reaching the milestone as the first U.S. company to hit $3 trillion during trading on Monday. On Monday, Apple hit the mark briefly, falling back under just a few hours later.
For those in the trading world, the mark signifies that the Apple stock has hit the covenant mark, and will teter around the 3 trillion threshold for a month or two before eclipsing 3 trillion for good shortly. Apple broke into the record books with a share price of $182.86, closing at $182.01, just missing the trading mark of $3 trillion.
Apple is on a historic run. In the past four years, Apple has tripled its valuation. Since 2021, the Apple stock has risen 35% while posting astronomical gains across the board in product categories. The average revenue growth is 30% year-over-year.
