Apple stock closes at an all-time-high, added $1 trillion to its market cap in 2023

AAPL closes at an all-time-high

It's hard to bet against Apple in the stock market. The company has consistently outperformed its contemporaries and is one of five US companies valued at over $1 trillion.

On Wednesday, December 13, 2023, AAPL closed at $197.96, beating the previous high of $196.45 set on July 31, 2023. Apple also made the news on December 6, 2023, for passing $3 trillion total market valuation again.

Another notable milestone took place in 2023, according to Barron's, Apple increased its market cap by $1 trillion throughout 2023. Microsoft also managed to increase its valuation by $1 trillion in 2023.

Apple, Microsoft, Alphabet, Amazon, and Nvidia are the only companies valued at more than $1 trillion. The gap between first and second place, Apple and Microsoft, is about $220 billion, or about a Disney plus Spotify in size.

While these figures are interesting to observe, they don't mean much unless you're a stockholder. Apple's market cap is likely to reach $4 trillion in 2024 if its pace doesn't slow down, and with Apple Vision Pro on the horizon, anything is possible.