Apple only company ever to reach USD 3 trillion in market cap

Apple is once again worth $3 trillion, the only company ever to reach the milestone, a media report said.

Its shares rose 1 per cent on Friday to hit a record $191.34. With 15.7 billion shares outstanding, the stock price pushed Apple to its historic market value, CNN reported.

Apple has been here once before: On January 3, 2022, when it hit the $ 3 trillion mark during intraday trading, but failed to close there. If Apple closes above the $3 trillion mark, it will become the only company ever to achieve that feat, CNN reported.

The company’s stock closed Thursday at a record high share price for the third-straight day, but it merely budged 0.2% higher. Apple easily surpassed the $190.73 level it needed to break $3 trillion Friday.