• Ar
  • Es
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Feature
  • Videos
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Feature
Videos
Infographs
In Pictures
  1. Home
  2. News
  3. Economy
  4. Apple first company to hit $3 trillion market value
Economy

Apple first company to hit $3 trillion market value

  • By Al Mayadeen Net
  • Source: Agencies
  • 3 Jan 2022 22:55

Apple becomes the world's first company to hit $3 trillion with its services business believed to be worth $1.5 trillion.

  • Apple stock has been trading with record highs over the past few weeks (9to5mac)
    Apple stock has been trading with record highs over the past few weeks (9to5mac)

Apple has broken yet another record and has become the first company ever to break the $3 trillion, with Microsoft a likely second to follow suit.

Apple had reached the $1 trillion mark in 2018, becoming the first company to ever do so, and surpassed $2 trillion in 2020, meaning that it scored such an ascent in a very short time span. 

The reason behind this sharp high in 2020 and 2021 is largely the pandemic, which sent people in an unsure economy toward stocks and investments that they know will remain secure. 

On the first day of trading in 2022, the company's shares hit a record $182.88.

One of the reasons behind Apple's success is its Services business, which is believed to be worth almost $1.5 trillion.

Microsoft comes in second after Apple, as it is currently worth $2.53 trillion, while Alphabet (Google's parent company), Amazon.com Inc, and Meta (formerly Facebook) are all valued at above $1 trilllion.

  • Apple
  • Microsoft
  • Stock market
  • Market value

Trending Now

All
World's 10 richest doubled wealth during Covid

World's 10 richest men doubled their wealth during pandemic

A view of the Amazon logo (Reuters)

Amazon ranks as world's most valuable brand despite financial loss

Most Read

London posts job ad for mercenaries for Ukraine counteroffensive

London posts job ad for mercenaries for Ukraine's counteroffensive

  • Africa
  • 24 May
The Middle East Stabilises, Against the Backdrop of a Great Unravelling

The Middle East Stabilises, Against the Backdrop of a Great Unravelling

  • Analysis
  • 28 May
In this image released by the Italian firefighters, a helicopter searches for missing passengers after a tourist boat capsized in a storm on Italy's Lago Maggiore in the northern Lombardy region, May 28, 2023 (AP)

Top Israeli intelligence official dead in Italy: Israeli media

  • Europe
  • 29 May
The domestically produced C919 passenger jet flies at the China International Aviation and Aerospace Exhibition in Zhuhai, Guangdong province, Peoeple's Republic of China, 8 November 2022. (Reuters)

China is set to launch first commercial flight on its C919 plane

  • Asia
  • 26 May

Read this

All
Chief of the Australian Defence Force Gen. Angus Campbell bites his lips while delivering the findings from the Inspector-General of the Australian Defence Force Afghanistan Inquiry, in Canberra, Thursday, Nov. 19, 2020. (AP)
Asia Pacific

Australian Defense bans drinking while deployed due to war crimes

  • 30 May
Elon Musk
Asia

Musk in China, Tesla to continue expanding business with Asian giant

  • 30 May
The US Treasury Building is viewed in Washington, US on May 4, 2021. (AP)
US & Canada

US issues new sanctions on Syria, targets two money service businesses

  • 30 May
Casualties in Ukraine strike on evacuee housing centers in Belgorod
Europe

Casualties in Ukraine strike on evacuee housing center in Belgorod

  • 30 May
Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS