Apple has become the first US-listed company to be valued at a trillion dollars.
Neowin mentioned a few days ago that Apple was likely to pass the $1 trillion threshold thanks to the huge $53.3 billion in revenues it made in the last quarter. However, it may continue to remain or levelling around $ 1 trillion mark in the stock market.
Apple is the first U.S. company to reach that lofty level. On Tuesday, the company said Apple Services, which includes things like the App Store and Apple Music, saw a 31% jump in revenue.
Jobs eventually introduced such popular products as the iPod and iPhone that have driven Apple's rise.
The tech company, launched in 1976 in a Los Altos garage, revolutionized personal computing - popularizing experimental technologies developed in the Xerox Parc research labs, such as the mouse and graphical user interface. Apple is now up more than 20% this year. The Cupertino tech giant reached the milestone at 11:48 a.m. EST in NY trading Thursday, based on share count data the company disclosed in a recent regulatory filing, reports Bloomberg.
The milestone comes a day after Apple reported blockbuster quarterly earnings.
In 2015, Apple joined the Dow Jones Industrial Average, one of capitalism's most exclusive clubs. The so-called FAANG stocks, which include Facebook, Amazon, Apple, Netflix, and Google parent Alphabet, started the week with a collective plunge.
October 2011: Jobs, 56, dies after battling pancreatic cancer, having turned over command of Apple to Tim Cook earlier in the year.
Apple's fortunes, by contrast, seem brighter.