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Apple’s market cap has yet again topped $3 trillion, and the iPhone maker continues to be the largest company not only in the U.S., but also globally. Apple (AAPL) has several laurels to its name already - but will it also become the first-ever company to reach a $5 trillion market cap, or are there other viable contenders for the coveted milestone? We’ll explore in this article.
To begin with, while Apple is the first-ever U.S. company to have a market cap of $1 trillion - and then $2 trillion, as well as $3 trillion - the first global company to reach a market cap of $1 trillion was PetroChina, which achieved the milestone as recently as 2007.