Apple Becomes First U.S. Company to Reach $3 Trillion Market Value

Shares of Apple, a staple in investors’ portfolios, have risen about 38% since the beginning of 2021.

Photo: David Dee Delgado/Bloomberg News

Updated Jan. 3, 2022 1:59 pm ET

Apple Inc. AAPL 2.61% became the first U.S. company to reach $3 trillion in market value, the latest milestone in a pandemic-era surge that carried shares of the iPhone maker and other large technology companies to unprecedented highs.

Apple shares crossed the milestone when they topped $182.856 Monday. The share price has more than tripled since the pandemic lows of March 2020, adding around $2 trillion in market capitalization.

Apple is a staple in retail and institutional investors’ portfolios. The milestone marked a 38% rise for Apple’s shares since the beginning of 2021, among the biggest gains in the Dow Jones Industrial Average.

Apple’s stock was recently up 2.5% to $182.05.

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This post first appeared on wsj.com