Apple Inching Toward $3 Trillion Market Capitalization

Apple Inching Toward $3 Trillion Market Capitalization
Apple CEO Tim Cook unveils Apple Watch Series 7 during a special event at Apple Park in Cupertino, Calif., on Sept. 14, 2021. Apple Inc/Handout via Reuters
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The world’s most valuable company is on the cusp of achieving another milestone as it inches towards a $3 trillion market capitalization after a surge in growth since 2019 saw the share price increase more than 370 percent.

Apple is currently trading around $175 after closely approaching the $182.86 mark needed to achieve the $3 trillion valuation on Monday. The share price is currently 3.6 percent lower than the high on Monday. Over the past week, from Dec. 3 to 10, the price went up around 10.9 percent. The year-to-date gains are over 35 percent. Since a low was hit in October, the company has gained more than $700 billion in valuation.