Apple’s market cap briefly passed $3 trillion on January 03 – more than a year after it surpassed the $2 trillion mark and three years after surpassing $1 trillion.

Apple’s huge success is due in large part to the iPhone which still remains a cash machine for the company. Apple also sees strong momentum in its other businesses as well, with its services and Mac divisions reporting all-time highs in its Q4 2021 earnings.

Shortly after hitting the $3 trillion milestone at around 1:45PM ET, Apple’s market cap dipped below it again. Apple’s market cap must be above the $3 trillion mark when the market closes at 4PM ET for it to officially be designated as the first publicly-traded company with that valuation, and it ended below $3 trillion on Monday.