Apple inches closer to $3 trillion market value

Shares of Apple Inc rose 1% on Monday, bringing the iPhone maker within spitting distance of becoming the world's first company to cross $3 trillion in market value.

The company's stock was up about 1% at $181.12 on Monday, just under $2 shy of reaching the milestone. Last week, Apple's shares rose nearly 11% and hit record highs in four sessions.

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Apple's shares have surged this year as investors remain confident that consumers will continue to shell out top dollar for iPhones, MacBooks and services such as Apple TV and Apple Music.