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.

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.
Popular Stories
Significant changes are expected to arrive with Apple's fourth-generation iPhone SE, in terms of both design and hardware, MacRumors has learned. The iPhone SE 4, known internally under the codename Ghost, is expected to receive a new design derived almost entirely from the base model iPhone 14. According to our sources, the iPhone SE 4 will use a modified version of the iPhone 14 chassis...
Apple today released iOS 17.0.2 and iPadOS 17.0.2 updates, with the software coming five days after the releases of iOS 17.0.1 and iPadOS 17.0.1. Today's iOS 17.0.2 and iPadOS 17.0.2 updates arrive as build 21A351 and can be downloaded on eligible iPhones and iPads over-the-air by going to Settings > General > Software Update. Note that iOS 17.0.2 was previously made available for iPhone...
Complaints about heat issues with the iPhone 15 Pro models are not related to TSMC's 3-nanometer node that was used for the A17 Pro chip, according to well-respected Apple analyst Ming-Chi Kuo. Kuo says that overheating could be caused by "compromises made in the thermal system design" that allowed Apple to cut down on the weight of the iPhone 15 Pro models. Kuo says that the reduced heat...
Wednesday September 27, 2023 1:57 pm PDT by
Juli CloverJust a week after releasing iOS 17, Apple has seeded the first beta of iOS 17.1 to developers. iOS 17.1 adds some features that Apple promised were coming to iOS 17 in the future, plus it refines and improves some existing features. This guide covers everything new in the first iOS 17.1 beta. Apple Music Favorites You can favorite songs, albums, playlists, and artists in the iOS 17.1...
Apple today released macOS 14 Sonoma, the newest version of the operating system that runs on the Mac. macOS Sonoma has been in beta testing for several months, and it is compatible with the 2019 and later iMac, the iMac Pro, the 2018 and later Mac mini, the 2018 and later MacBook Pro, the 2019 and later Mac Pro, and the Mac Studio. The macOS Sonoma update can be downloaded for free on...
Top Rated Comments
Congrats again, Apple.
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.
That is the definition of exponential growth