Why Is Apple The First $3 Trillion Company?

Following Apple recently becoming the first publicly traded company to close a trading day with a $3 trillion market value, we look at some of the main reasons for the company’s incredible popularity and growth. 

The First $3 Trillion Company 

Although Apple actually reached the $3 trillion market cap at the beginning of last year, it didn’t close at that level until 28 June this year. Its stock has jumped a massive 46 per cent in 2023 and finally getting over the $3 trillion milestone is reported to be down to the 5 June launch of its ($3,499) augmented reality (AR) headset, which some commentators see as its riskiest move since the introduction of the iPhone more than a decade ago.