Apple on Monday became the first publicly traded company with a stock market value of over US$3 trillion, marking the latest milestone in the Silicon Valley heavyweight's spectacular stock surge since introducing the iPhone in 2007.
Microsoft and Amazon have each briefly eclipsed Apple as the most valuable publicly listed US company in the past three years, although Apple has recently pulled ahead. Microsoft's stock market value currently stands at about US$2.5 trillion, while Amazon's is at around US$1.7 trillion, having fallen behind Alphabet, now at US$1.9 trillion.
Apple now accounts for about 7 per cent of the S&P 500, up from as little as 5 per cent in June and back in line with where it started 2021.
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