On June 12, the iPhone maker’s shares closed at a record high of $183.79, putting the company closer than ever to becoming the first $3 trillion company.
Its current market cap is $2.89 trillion.
A broader recovery in big tech stocks, strong company performance — including a rebound in the iPhone segment and record-high revenue from its services business — coupled with optimism about the company’s plans for a major retail expansion around the world are all helping to push the stock higher.
Most recently, the Cupertino company hit an intraday high on June 5 with the release of its highly anticipated Vision Pro mixed reality headset, but that gain was erased by the market close.