Apple nears another historic milestone as market cap inches closer to $3 trillion

Apple Inc is all set to achieve another historic milestone as its market capitalisation remains within striking distance of $3 trillion.

Apple Inc is within striking distance of a $3 trillion market capitalization, a milestone that would make it as big as the world's fifth largest economy after Germany, just over a year after breaching the $2 trillion mark.

Shares of Apple were up 1.6% at $174. They need to trade at $182.85 to hit the mark and cap a strong rally that has been powered by investors betting on its brand and viewing it as a comparative safe haven.