Apple Surpasses $3 Trillion Market Cap at Closing Price for the First Time... 47 Years Since Founding

Closing at $193.97 on the New York Stock Exchange on the 30th

Apple has surpassed a market capitalization of $3 trillion (?3952 trillion) for the first time based on the closing price.

On the last trading day of the first half of this year, the 30th (local time), Apple closed at $193.97 (?255,500) on the New York Stock Exchange, up 2.31% from the previous day. It exceeded the $190.73 per share threshold, the benchmark for the '3 trillion dollar club,' reaching $3.051 trillion (?4019 trillion). Although Apple surpassed $3 trillion intraday on January 3 last year, this is the first time it has crossed $3 trillion based on the closing price.

This milestone comes about 2 years and 10 months after first surpassing $2 trillion in August 2020, and Apple had previously crossed $1 trillion in August 2018.

Apple logo
Photo by Yonhap News

Surpassing $3 trillion marks 47 years since Steve Jobs and others founded Apple in April 1976, and 16 years since the iPhone was first introduced to the world in January 2007. It is about 20% larger than Microsoft, which ranks second with a market cap of $2.532 trillion (?3335 trillion).

Although the market cap fell below $2 trillion after a 3.7% drop on the first trading day of this year, the stock price has surged nearly 50% this year, setting the $3 trillion milestone.

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