Apple Inches Closer to $3 Trillion Market Cap

Apple Inches Closer to $3 Trillion Market Cap
People are shopping at the Apple store at International Plaza in Tampa, Fla., on Nov. 26, 2021. Octavio Jones/Getty Images
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Apple Inc is within striking distance of a $3 trillion market capitalization, a milestone that would make it as big as the world’s fifth-largest economy after Germany, just over a year after breaching the $2 trillion mark.

Shares of Apple were up 1.6 percent at $174. They need to trade at $182.85 to hit the mark and cap a strong rally that has been powered by investors betting on its brand and viewing it as a comparatively safe haven.