Apple set to amass US$3 trillion in market capitalization

Apple Inc looked set to touch US$3 trillion in market value on Monday as its shares hovered around a new record high, bringing the iPhone maker within spitting distance of becoming the world's first company to cross the milestone.

The company's stock needs to reach US$182.86 to record US$3 trillion in market value. Last week, Apple's shares rose nearly 11per cent and hit record highs in four sessions. When Apple hits the milestone, Microsoft Corp will be the only company in the US$2 trillion club, while Alphabet, Amazon and Tesla have crossed US$1 trillion.

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