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Apple is about to become the world’s first $3 trillion company | The Blog 101

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Shares of Apple (AAPL) had been up about 1% in premarket buying and selling Monday to round $181.75. The inventory must hit $182.85 for Apple to surpass the $3 trillion mark.
Apple’s market worth first crossed the $1 trillion threshold in August 2018 and passed $2 trillion in August 2020.
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Apple shares are up greater than 35% this yr alone. The corporate has benefited from booming demand for its new IPhone 13 and different older fashions in addition to subscription providers similar to Apple Music, Apple TV+, iCloud and its in style App Retailer.

Gross sales surged practically 30% to greater than $83 billion in Apple’s most recent quarter, which resulted in September. The corporate has a whopping $191 billion in money as nicely.
However earlier than lengthy, Apple could have some firm within the $3 trillion membership. Microsoft (MSFT) is now price about $2.6 trillion and Google proprietor Alphabet’s (GOOGL) market worth is true round $2 trillion. Nonetheless big however additional behind are Amazon (AMZN), which has a market cap of $1.7 trillion, and Elon Musk’s Tesla (TSLA), price $1 trillion.

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