Congratulations to Apple for becoming the first company in the United States to reach a market capitalization (market cap) of USD 3,000,000,000.00. Lots of blanks, please don't miss the decimal point.
August 2, 2018: First time reached USD1 Trillion
August 19, 2020: First time reached USD2 Trillion
January 3, 2022: First time reached USD3 Trillion
This amazing hike is truly extraordinary. At a time when the pandemic hit and many other sectors were affected, Apple’s sha
re price continued to rise until it always managed to hit a new All-Time-High level.
Solid Fundamentals
Just look at the revenue and profit that increase every year. Naturally, a company with solid fundamentals will attract many investors. When the demand for a stock increases, then the stock price will also increase.
Presumably the coming year will increase or not? When revenue and profit increase every year, it seems that the share price will also increase every year, right?
There Are 5 Companies In The United States With Market Cap Exceeding USD1 Trillion
As of January 3, 2022, there are companies with a market cap in excess of USD1 Trillion.
Microsoft closely follows Apple with a market cap of USD2.5 Trillion. It feels like waiting time too for Microsoft to join Apple in reaching USD3 Trillion.
Next we have Alphabet (Google), Amazon and Tesla in the USD1 Trillion category.
And it seems that Meta (Facebook) will also soon be joining the USD1 Trillion club with a hotly debated metaverse project.
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