Apple Becomes the First Company in the World to Reach a $3 Trillion Market Capitalization

Today, Monday, Apple became the first company in the world to reach a market capitalization of $3 trillion, thanks to investor confidence that the maker of iPhones will continue to release best-selling products while exploring new markets such as self-driving cars and virtual reality. The company's shares rose to $182.88 in mid-trading on the first day of the new year, marking a new record. Investors are betting that consumers will continue to buy iPhones, MacBooks, and services such as Apple TV and Apple Music. It took Apple 16 months to reach a market value of $3 trillion from $2 trillion, thanks to a recent surge in its stock price.