Apple Just Hit 3 Trillion In the Stock Market!

Apple officially has a market capitalization of $3 trillion. The Popular tech company has passed the $182.86 mark Monday, making it the first publicly traded company in history to hit such a valuation. 

Apple’s rise to a $3 trillion market cap, which is based on its stock price, comes less than two years after its market cap hit $2 trillion. Microsoft is potentially on its way to the $3 trillion mark after topping $2 trillion in June.

Apple’s rise to $3 trillion comes on the back of the incredible success of its iPhone line, which has spawned accessories like the Apple Watch and AirPods, not to mention services like AppleCare, the App Store, Apple Music+, and Apple TV+.

 Apple however has been struck by the same supply chain issues affecting everything from car manufacturers to home appliance makers. According to Bloomberg, the company previously cut its iPhone production goal by 10 million units in October due to supply constraints.

Apple’s manufacturing partners in China were getting days off when they would normally be working full throttle to ramp up device availability for the holiday season.

But Apple has also shown off some major innovations in 2021 including the launch of its powerful M1 Pro and M1 Max chips for its Macbook Pro Laptops. Those chips allow Apple to ditch Intel’s own processors, giving Apple far more control over design and performance.

And then there are reports about Apple’s future devices including the obvious updates to stalwarts like the iPhone, Apple Watch, and AirPods, as well as entirely new product categories like augmented reality and virtual reality headsets.