Apple Inc. Chief Executive Tm Cook is getting ever closer to leading a $3 trillion empire.
Shares of the consumer-electronics giant continue their march higher, such that Apple AAPL is within spitting distance — yet again —of a $3 trillion valuation. The stock, up 0.5% Wednesday afternoon to a recent $188.93, needs to close above $190.73 for Apple to achieve the feat.
Apple’s last crusade toward the milestone didn’t quite succeed. While shares traded intraday on Jan. 3, 2022, at levels that would have amounted to a $3 trillion valuation at the close, the stock failed to finish there. Apple seeks to be the first U.S. company to end in $3 trillion territory. For context, Apple has come a long way since 2007, the year of the iPhone’s debut, when it first clinched an $100 billion market value.
The company then took 466 trading days to reach $1.5 trillion and achieved the $2 trillion mark 50 days after that. Apple notched a $2.5 trillion valuation 258 days later, but it’s moving a bit more slowly in its quest for $3 trillion, as it’s currently 477 trading days out from when it first cracked $2.5 trillion.
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