Apple Inc. (AAPL) on Monday nearly became the world’s first company to cross $3 trillion in market value.

Shares of Apple jumped about 1% to $181.12 in premarket trading on Monday. Apple shares need to reach at least $182.86 to hit the record milestone. Apple closed the trading session at $175.74, down $3.71, or 2.07%.

Apple shares have spiked over the years. The tech giant reached the $1 trillion market value threshold in August 2018 and passed $2 trillion in August 2020.

With its shares up more than 35% this year, Apple is gaining thanks to sales of its new iPhone 13 and latest Apple Watch.

According to Reuters, many of its sales also come from Apple Music, Apple TV+, iCloud and its popular App Store.

Sales surged nearly 30% to more than $83 billion in Apple's most recent quarter, which ended in September. The company has $191 billion in cash, CNN noted.

Though Apple is the company closest to reaching the $3 trillion mark, Microsoft (MSFT) and Google owner Alphabet (GOOGL) are trending right behind, with a value of $2.6 trillion and $2 trillion, respectively.

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