An Apple logo adorns the facade of the downtown Brooklyn Apple store on March 14, 2020, in New York. The tech juggernaut just became the first publicly traded company to close a trading day with a $3 trillion market value, marking another milestone for a company that has reshaped society with a line-up of products that churn out eye-popping profits.
Apple didn’t come close to the $3 trillion threshold again until earlier this month when the company unveiled what could be its next big product — a high-priced headset called Vision Pro that thrusts users into artificial settings known as virtual reality.Although the significance of reaching a $3 trillion market value is largely symbolic, its magnitude is still breathtaking.
It took Apple less than two years to close with a $3 trillion market value after topping $2 trillion for the first time in August 2021, which occurred about two years after the Cupertino, California, company reached $1 trillion for the first time.