Apple is the first $3 trillion company based on market cap, which is the total value of all of the company's outstanding shares. Apple's stock price rose over 40% in the last year.
It took Apple less than three and a half years to reach the $1 trillion mark after it became a $2 trillion company.
Since the start of the Pandemic, Apple has reported strong earnings results, as more people work, learn, and connect with others from home, which has led to high demand for its products and services. The company's revenue is expected to top $118 billion in the current quarter, which would be a new quarterly record.
Apple hit $1 trillion in market value in the year, but CEO Tim Cook said in a memo to staff that financial returns are the result of Apple's innovation, putting our products and customers first, and always staying true.
Apple will look to build upon its success in 2022, with a wide range of products rumored to launch, including at least five new Macs, a refreshed iPad Pro with support for wireless charging, a rugged version of the Apple Watch, and an augmented reality headset focused on gaming.
