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

apple company

Apple became the first U.S. company to reach a $3 trillion market value on Thursday, surging past that milestone as its share price rose to a new high.

Apple’s stock closed at $207.39, giving the company a market capitalization of about $3.005 trillion, based on its outstanding stock as of July 20. The company’s previous high was $ 205 .75, reached last month.

It is an historic moment for both business and technology which shows the ever growing power of one quarter of the world markets in their hands (and we can see why there are many who say they should not be trusted with this much power).

The company’s stock has grown about 33 percent since January, when it hit $139 a share, and nearly 50 percent this year as investors applauded the iPhone maker for its strong financial results.

Apple briefly passed Exxon Mobil last month to become the world’s most valuable publicly traded company based on current share prices. The oil giant is now worth roughly $345 billion less than Apple, at just under $344 billion.

And all that with taking into account nothing of the enormous cash reserve they have so if you would need some money… well… there are 2 numbers you can call them for 😛

If Apple were a country, its market value would be more than every other country on Earth except for Japan ($4 trillion), Germany ($3.3 trillion), and the United States ($21.4 trillion) – it would be larger than the next eight largest countries combined – Brazil, France, Canada, Russia , Spain, Netherlands , India and South Korea

Apple has a cash reserve of over a quarter of a billion dollars (most money ever held by a company), which means they can literally buy any country on Earth with their spare change.

And for those who will say that Apple’s market value is inflated because it has such a high cash reserve: You can also check Microsoft and Google , two other technology companies, to see that this isn’t the case (for the record, both of them are worth under $250 billion – but still huge figures).