Apple is now a $3 trillion company

Illustration by Alex Castro / The Verge

Apple has become the first $3 trillion publicly traded company. The iPhone maker hit the milestone on Monday more than a year after surpassing the $2 trillion mark and three years after eclipsing $1 trillion.

Apple’s huge success is due in large part to the iPhone, which revolutionized the smartphone industry and remains a cash cow for the company. But Apple continues to see strong momentum in its other businesses as well, with its services and Mac divisions reporting all-time highs in its Q4 2021 earnings.

Apple isn’t the only company in the trillion-dollar club; Amazon, Google parent company Alphabet, Microsoft, and Tesla all have market caps exceeding $1 trillion. (Facebook parent company Meta breached the $1 trillion milestone in…

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Author: Jay Peters