Apple reached a market valuation of $3 trillion on Friday, becoming the first publicly traded company to achieve the milestone twice. AAPL shares hit a new record high on Friday, peaking above the $190.73 price required to reach the milestone. - To solidify a $3 trillion market cap, the company's shares would need to close at or above $190.74 on Friday.
- Apple, the world's most valuable-listed company, saw its market value briefly surpass $3 trillion in intra-day trading on Jan. 3, 2022.
- Its market value has surged by 45% this year, adding nearly $1 trillion in value, surpassing the 14.5% gain of the broader S&P 500.
- Analyst Dan Ives of Wedbush Securities predicts Apple could reach a market cap of $4 trillion by 2025, citing a potential "mini super cycle" with this year's release of iPhone 15 and its plans for an augmented-virtual reality app store and headset.
- Currently, four other U.S. companies — Alphabet, Microsoft, Amazon, and Nvidia — have valuations exceeding $1 trillion.
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