Apple’s Relentless Rally Puts $3 Trillion in View
- Stock has risen 35% this year, adding $690 billion in value
- January 2022 closing record is now within striking distance
Apple Inc. iPhone 14 smartphones at the company's store in Seoul, South Korea.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
Apple Inc.’s rally in 2023 has brought it back to the brink of a historic threshold: a $3 trillion market valuation.
The stock has soared 35% this year, adding nearly $690 billion in market value, as investors have flocked to the iPhone maker’s steady revenue and massive cash flows. The advance has put Apple within striking distance of its January 2022 record.