Apple becomes the first company in the world to hit 1 trillion dollars in value. This is because strong financial results triggered a boost in its share price and pushed it past the landmark.
Earlier yesterday, the historic milestone occurred — 42 years after Steves Jobs and Wozniak founded the company.
It became the first in history to be worth $1,000,000,000,000.
Apple beat retail giant Amazon to the mark.
According to the Guardian, Apple’s share price jumped to $207.05, triggering the rise in value. This was partly due to better than expected quarterly financial results posted by the company earlier this week.
The last time such a milestone was hit was when US Steel became the first company to be valued at a billion dollars, all the way back in 1901.