Apple becomes the world’s first $3 trillion company – albeit briefly

Early demand for the iPhone 13 saw Apple regain second place in the global market for smartphones. However, in spite of fears of a reversal due to the chipset shortage, the Cupertino-based tech giant became the first company to be valued at $3 trillion on Monday (January 3).  

The company’s market capitalization, which had crossed $1 trillion dollars in August of 2018, doubled it two years later in 2020. Now, it took just 16 months for Apple to hit the $3 trillion mark, driven as it were by all-time high revenue numbers for the fourth quarter of 2021. 

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