Apple's Market Valuation Returns to $3 Trillion After Almost 18 Months

Apple's market capitalization has once again hit $3 trillion as the company's shares opened at $191.78 this morning, up just over 1% compared to yesterday's closing price. It has been nearly 18 months since Apple very briefly hit the milestone in January 2022 before declining along with the overall market.

Apple Logo Cash Feature Blue
At the beginning of this year, Apple's value dipped below $2 trillion, but the company's shares have risen 53% so far this year, pushing them back to all-time highs in recent days. Reaching the $3 trillion market capitalization milestone again has required a slightly higher share price than it did 18 months ago as Apple has continued to aggressively buy back its stock, reducing the overall share count of the company.

Apple saw very strong revenue growth during the pandemic as its products and services were in particularly high demand as more people worked, learned, and connected with others from home. The company's momentum slowed along with iPhone production issues and general economic concerns in 2022, but optimism around the company has returned in 2023.

Update: Apple shares officially closed trading today at $193.97, giving the company a market cap of $3.05 trillion.


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Top Rated Comments

sw1tcher Avatar
14 months ago
In before someone comments "Apple's doomed"

Congrats again, Apple.
Score: 9 Votes (Like | Disagree)
TechnoMonk Avatar
14 months ago

In before someone comments "Apple's doomed"

Congrats again, Apple.
Advice to Apple “Shut the company down and give the money back to share holders” Michael Dell approves this message.
Score: 6 Votes (Like | Disagree)
0339327 Avatar
14 months ago
This is all very nice but was never Steve’s goal. Steve said it best, in an interview with Tim to his left, that he wants to build machines that he would love for his family and friends to use and to do so “at the lowest prices” they can.

Apple makes some great tech, but Tim is far more interested in profits and stock price than Steve ever was.

Two very capable people running the worlds most important company in two VERY different ways.

Score: 5 Votes (Like | Disagree)
a m u n Avatar
14 months ago
Appleʼs business is so perfect that even their competitors use their products.

Attachment Image
Score: 5 Votes (Like | Disagree)
MrRom92 Avatar
14 months ago
It took them like 40-something years to become a trillion dollar company, and they were the first to ever do it… that was only 5 years ago, and they’ve since tripled that??
That is the definition of exponential growth
Score: 4 Votes (Like | Disagree)
TheYayAreaLiving ?️ Avatar
14 months ago
Without a doubt, Apple's next goal is to become a $4 Trillion Dollar Company.
Score: 4 Votes (Like | Disagree)