Apple has made history as the first publicly traded company to end a trading day with a market value of $3 trillion. The tech giant’s shares climbed approximately 2.31% on Friday, reaching a new high. Although Apple previously reached a $3 trillion market cap in January 2022, it was unable to close at that level.

This year, Apple’s stock has experienced a remarkable surge of nearly 46%. This success is in stark contrast to 2022 when the company’s market cap fell below $2 trillion for the first time since early 2021.

The achievement of this milestone valuation comes shortly after Apple’s recent launch of the Apple Vision Pro, a long-anticipated augmented reality (AR) headset. Priced at $3,499, the headset, which requires users to remain connected to a battery pack similar in size to an iPhone, is set to go on sale next year.

While competitors like Microsoft, Google, Nvidia, and Meta have embraced the AI trend that emerged with the introduction of OpenAI’s ChatGPT in late 2022, Apple has largely stayed away from mentions of artificial intelligence. Instead, it has maintained its focus on other areas. Notably, four other U.S. companies, including Alphabet, Microsoft, Amazon, and Nvidia, have valuations exceeding $1 trillion.

Apple’s stronger-than-expected quarterly earnings in May further solidified its reputation among investors, despite a decline in sales and profit. The company’s performance continues to attract attention and support from the investment community.

Apple has made history as the first publicly traded company to end a trading day with a market value of $3 trillion. The tech giant’s shares climbed approximately 2.31% on Friday, reaching a new high. Although Apple previously reached a $3 trillion market cap in January 2022, it was unable to close at that level.

This year, Apple’s stock has experienced a remarkable surge of nearly 46%. This success is in stark contrast to 2022 when the company’s market cap fell below $2 trillion for the first time since early 2021.

The achievement of this milestone valuation comes shortly after Apple’s recent launch of the Apple Vision Pro, a long-anticipated augmented reality (AR) headset. Priced at $3,499, the headset, which requires users to remain connected to a battery pack similar in size to an iPhone, is set to go on sale next year.

While competitors like Microsoft, Google, Nvidia, and Meta have embraced the AI trend that emerged with the introduction of OpenAI’s ChatGPT in late 2022, Apple has largely stayed away from mentions of artificial intelligence. Instead, it has maintained its focus on other areas. Notably, four other U.S. companies, including Alphabet, Microsoft, Amazon, and Nvidia, have valuations exceeding $1 trillion.

Apple’s stronger-than-expected quarterly earnings in May further solidified its reputation among investors, despite a decline in sales and profit. The company’s performance continues to attract attention and support from the investment community.