Apple’s Market Cap Hits $1 Trillion

Apple Buybacks May Total $21 Billion in Q2

Mr Jobs died in 2011 and was succeeded as chief executive by Tim Cook.

The tech company, launched from a garage in 1976, has been on a steady climb through the years, revolutionizing personal computers and phones with its Macs and iPhones.

Apple's stock rose 5.89 percent to a record-high close of $201.50 on Wednesday following the company's better-than-expected quarterly results.

Although many have doubted Apple's staying power over the years, unlike many hardware makers the company has ridden the elegance and functionality of its devices.

Uber And Lyft Suspend Driver Who Secretly Livestreamed Passengers
Army Veteran, had set up purple lights and a pair of cameras that broadcast a live stream of passengers to viewers on Twitch . He has also inadvertently revealed the full names of his riders and their homes and neighbourhood on the streaming platform.

The $1 trillion milestone is largely symbolic, though impressive.

The iPhone maker's market capitalisation reached the figure in afternoon trading in NY as its shares rose above $207. Recently, some of his older clients have bought Apple shares for their grandchildren.

Apple crossed the threshold in Thursday trading following a strong third-quarter report that showed earnings beat expectations and also showed increased revenue from the technology giant's services and software businesses.

Apple's stock has risen more than 50,000% since it first listed in 1980. Since 1980, IBM, Exxon Mobil, General Electric and Microsoft have also alternated as the largest publicly listed U.S. company. Apple's market capitalization - a common financial measure of worth which multiplies the number of shares by the share price - makes the company worth more than the economies of, for example, Saudi Arabia, Switzerland and Taiwan. It is now worth about US$200 billion, according to Thomson Reuters data. Amazon is valued at $870 billion, Google-parent Alphabet has a market valuation of $850 million and Microsoft's market cap is at just under $815 billion.

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