AppleOn Monday, Apple reached a market capitalization of $3 trillion in intraday trading. This is its triple-digit valuation in less than four years. Apple broke through the barrier with its $182.86 share price.

Although the milestone is symbolic, it shows that investors are still bullish about Apple stock’s potential growth. Apple reported a 29% increase in revenue year-over-year for its fourth-quarter earnings.

Although the iPhone continues to be the most important sales driver, Apple’s services business experienced a 25% increase in year-overyear growth and generated over $18 billion revenue. The analysts believe there is still plenty to go.

Morgan Stanley’s Katy Huberty increased the price target for Apple by $200 to $164 in December. The equivalent of a Buy Rating was maintained. Huberty argued that there are still new products, such as virtual reality or augmented reality, which have yet not been incorporated into the share price.

Huberty stated that she expected Apple’s App store revenue to surpass Morgan Stanley’s estimates for the quarter. She also predicted Apple would ship 3 million more units in the December quarter than was anticipated.

Apple sold 27,000,000 pairs of the newest AirPods models over the holiday season, which drove 20% growth year-over-year for Apple’s wearables company during the quarter according to Ming-Chi Kuo, TFI Asset Management Limited analyst said in a Monday note.

Investors also turned to Apple as a safe havenDespite recent uncertainty in the market, its solid balance sheet and abundant cash flow have been a boon. These funds are used to purchase new products and stock buybacks, and return capital to shareholders via dividends.

Apple was the first U.S. publicly traded company to reach a $1 trillion market capital during intraday trades on August 2, 2018, becoming the nation’s first publically traded company. Just two years later, it reached a valuation of $2 trillion on August 19, 2020.

Apple isn’t far from its peers. Microsoft is worth about $2.5 trillion, AmazonIt has a market cap of approximately $1.75 million and GoogleThe market value of’s stock is less than $2 trillion

Apple shares rose by 34% and just under 3% respectively on Tuesday, 2021.