Tim Cook is the CEO of Apple.
The man is Carlo Allegri.
The market cap of Apple was $3 trillion on Monday.
Apple's stock price jumped 3% to a high of $182.88 in Monday trades, 2 cents above the amount needed to hit the milestone.
The S&P 500's return was 27%, but Apple's return was 35%.
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Just 16 months after it crossed the $2 trillion level, Apple crossed the $3 trillion market cap on Monday. It was the first company to reach the milestone.
In Monday's trading session, shares climbed 3% to a high of $182.88, just two cents above the $182.86 level needed to cross the valuation threshold.
Apple's one-day gain was bigger than the bottom 400 stocks in the S&P 500 index. The S&P 500's return was 27%, but Apple's return was 35%.
The gains came one day after an analyst at Wedbush predicted a strong 2022.
Apple became the first US company to have a $1 trillion and $2 trillion market cap.
Strong demand for Apple's iPhone 12 and 13 models has driven record revenue and profits over the past two years. As of September 30, revenues were $365 million, up from $299 million a year ago.
The bull-case scenario price target of $225 represents a potential upside of 27% from Friday's close. He said that a growing Services business and easing supply chain pressures could be potential drivers of those gains.
Markets Insider.
Business Insider has an original article.
