Today, Apple saw its market cap pass the $3 trillion threshold. The iPhone maker has reached that landmark before but has never managed to hang on to it through the end of a trading day.
But this morning, with its shares up about 1.4% and a significant $20 billion to $30 billion above the milestone, it seems the company is on pace to finally pull it off.
Less than five years ago, the “Big Five” — Apple, Alphabet, Amazon, Facebook, and Microsoft — was worth a combined $3 trillion. It’s striking how much of a difference a few years can make.
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