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Apple Becomes the World’s 1st $3 Trillion Company

SAN FRANCISCO, CA - APRIL 23: The Apple logo is displayed on the exterior of an Apple Store on April 23, 2013 in San Francisco, California. Analysts believe that Apple Inc. will report their first quarterly loss in nearly a decade as the company prepares to report first quarter earnings today after the closing bell. (Photo by Justin Sullivan/Getty Images)

Shares of Apple climbed 3 percent on Monday — just enough to make the iPhone manufacturer the world’s very first $3 trillion company.

The bump in Apple’s stock price — to an all-time high of $182.88 — was exactly three cents more than it needed to propel the company to its record-setting worth, financial analysts say. That figure dropped slightly later in the day.

The news comes more than three years after Apple crossed the $1 trillion threshold in August 2018, and more than a year after it surpassed the $2 trillion mark in August 2020.

What does it say about the economic state of the U.S. when a company’s worth passes $3 trillion during a pandemic?

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