Apple’s market cap hits $3trn

Author: EIS Release Date: Jan 11, 2022

Yesterday, Apple became the first company to achieve a market cap of $3 trillion.

 

Apple’s share price rose to $182.88 to reach the milestone though it ended the day at $182 with the market cap at $2.99 trillion.

 

Only four other companies have market caps of over $2 trillion – Tesla, Microsoft, Amazon and Alphabet.

 

An explanation for the rise in Apple’s share price is the expected Apple car which is plausible when you look at what EVs have done for Tesla’s share price.