Apple stands alone as market cap hits record $3 trillion
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It was a historic day for the U.S. stock market as Apple (NASDAQ:AAPL), became the first company in history to reach a valuation of $3 trillion.
Apple (AAPL) crossed its latest market cap milestone in afternoon trading Monday, as its shares climbed almost 3% to $182.88 a piece. Apple (AAPL) shares pulled back after reaching the $3 trillion market cap level to close at $182.01.

The only other company that is currently in Apple's (AAPL) market cap ballpark is Microsoft (NASDAQ:MSFT), which has a valuation of $2.5 trillion. Google (NASDAQ:GOOG) parent company Alphabet recently slipped out of the $2 trillion valuation club, and was at $1.93 trillion in market cap on Monday.
"It's a remarkable milestone that took decades to accomplish," said longtime Silicon Valley analyst Tim Bajarin, of consultancy Creative Strategies. "Apple has other new products in the works that should help it to continue to grow market share and market cap."

Apple flirted with reaching $3 trillion in valuation throughout most of December. Wedbush analyst Dan Ives recently said on Monday that Apple (AAPL) reaching $3 trillion in market cap is a "watershed" event for the company.
"Being the first company to join the $3 trillion club is a "flex the muscles moment" for [Apple Chief Executive Tim] Cook and company," Ives said. "The company continues to prove the doubters wrong with the renaissance of growth story playing out in Cupertino."
Ives also said that Apple (AAPL) is continuing to see strong demand of the iPhone 13, and the company's services business is on track to be worth $1.5 trillion itself.