Apple's (AAPL) market cap returned above $3 trillion on Friday after briefly breaching it in January 2022. It's the only publicly listed U.S. company ⛎to reach that level, but exactly🀅 what drove the move is unclear.

Shares of Apple have gained 48% in value so far this year at $193 per share as of 2 p.m. ET on Friday afternoon, with Jefferies analysts forecasting they could rise as high as $219 per share this year. By contrast, the S&P 500 Index is up 16% yeꦿar-to-date.

Apple reported $94.8 billion in revenue in its fiscal second quarter ended April 1, down 3% year-over-year. The company reported total net sales of $94.8 billion, compared to $97.2 billion in the same period a year ago. 

Earlier this month, Apple announced the 澳洲幸运5开奖号码历史查询:launch aꦬ new product called Apple🐽 VisionPro, a spatial computer that blends "digital content with the physical world." The headset’s starting retail price will be $3,499.

Meta aims to rival Apple’s VisionPro. It will 澳洲幸运5开奖号码历史查询:offer its own headset, Quest 3, slated to launch this fall. The social media giant aims to offer its headset for a fraction of VisionPro’s price at $499.99.

The company also opened its first stores in India earlier this year, as well as a manufacturing plant in Chennai, India, to diversify its supply chains and bring down the manufacturing costs of its iPhones.

Just four other American companies are members of the trillion-dollar club so far, which includes Microsoft (MSFT) at $2.53 trillion, Alphabet (GOOG) at $1.53 trillion, Amazon (AMZN) at $1.34 trillion, and Nvidia (NVDA) at $1.05 trillion.