politicnewsbusterinsiderpostreview: Apple becomes world's first $3 trillion company

Apple Report

January 4, 2022

For a few moments on Monday, Apple’s stock rose to $182.86 per share, making the iPhone maker a $3 trillion company. That is more than the gross domestic product from countries like the UK, India and France.

At first, this $3 trillion milestone might not seem that impressive. After all, for years Apple has been a successful company that continually breaks financial records, quarter after quarter. But go back 20-plus years, and Apple was on the brink of collapse. In 1997, the Cupertino company almost went bankrupt, but was saved by a $150 million investment from Microsoft.

Clearly, the days of Apple being a small, scrappy financial underdog are long past. But its growth into a corporate giant brings renewed questions about Apple’s influence and responsibility to its customers, employees and competitors, and the taxes it pays.


	Patrick Holland
	Senior Editor

Apple becomes world's first $3 trillion company

A little over three years ago, Apple investors pushed the value of its shares above $1 trillion, making it the world's most highly valued tech company. Then, two years later, Apple stock rose so high that the company's value passed $2 trillion. Now, it's risen yet again, topping $3 trillion. As in $3,000,000,000,000. 

 Around 10:45 a.m. on Monday, Jan. 3, Apple stock hit $182.86 per share, which when multiplied by the 16.4 billion shares outstanding, values Apple at about $3 trillion. That's more than the value of AT&T, Boeing, Coca-Cola, Comcast, Disney, Exxon, Ford, Goldman Sachs, IBM, McDonald's, Morgan Stanley, Netflix, Nike and Walmart -- combined. The largely symbolic milestone comes as Apple has struggled to keep up with near-record demand for its devices during the pandemic.

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