Apple's market capitalization closed above $3 trillion for the first time, with shares rising 2.31% to a new high. Although the company warned of a 3% drop in revenue for the current quarter, investors remain optimistic about Apple's products and services. Apple was the first company to reach a $3 trillion Market Cap during intraday trading in January 2022. Analysts believe that the company is heading towards a period of significant growth in the next 12 to 18 months, driven by the upgrade cycle of iPhone models. Apple's shares have increased by around 49% year-to-date.

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