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Apple breaches $3 trillion in market value again

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Apple's shares rise to as much as $182.94 after opening flat at $182.63. Shares need to finish above $182.86 level to record the milestone on a closing basis.

Apple crossed $3 trillion in market value in early trading on Tuesday, January 4, before slipping, after the world’s most valuable company briefly hit the milestone a day earlier.

Apple contracts were the second most actively traded US stock options on Tuesday after Tesla, according to the Options Clearing Corp data as of 08:21 am ET. The contract with the highest open interest is January 20th call option with a strike price of $200, Refinitiv data showed. The pandemic fueled demand for iPhones, MacBooks, and iPads helped push the company’s market capitalization past $2 trillion in August 2020 and add another trillion 16 months later.

“The next big product breakthrough is nowhere near. It’s going to be a lot harder for Apple to get to four and five trillion than it was for it to go from two to three.”

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Apple has become the world's first $3 trillion companyApple has reached yet another major milestone. The iPhone maker topped a market value of $3 trillion Monday — the first publicly traded company ever to be worth that much. nice n congrats
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