On 2022, Apple marked a new milestone: it became the first U.S. company to reach a market value of $3 trillion.
Apple’s shares briefly touched a record $182.88 per share in Monday’s trading.
At that price, the iPhone maker’s value topped $3 trillion.
In early afternoon trading, the shares slipped from the intra-day high, putting its value at just below that mark.
The company’s shares were up more than 9 percent in after-hours trading at $171.47, according to MarketWatch.
“The market just keeps going higher,” said a prominent short-seller who owns more than $500 million in Apple shares.
“It’s really hard to imagine how this can go much higher,” he said.
The Wall Street Journal reported that Apple’s market value now exceeds that of Alphabet, Google’s parent company, for the first time.
Alphabet’s market value was $3.09 trillion.
Apple, founded in 1976, is the most valuable company in the U.S. It has been in the top 10 since March 2002.
The shares have rallied more than 100 percent since Sept. 21. That’s when Apple introduced the iPhone 13 and iPhone 13 Pro models.
The new phones are selling briskly, and analysts say they’re the best iPhone models ever.