Apple is the first U.S. company worth $1 trillion (AAPL)


The iPhone-maker's shares struck an all-time high of $207.05 during trading in NY, pushing its market capitalisation past the landmark trillion-dollar level to $1.02 trillion.

Apple became the first $1 trillion publicly listed USA company on Thursday, leading a rebound in technology stocks and pushing the benchmark S&P 500 and the Nasdaq higher.

This is a breaking news story that is being updated by our reporters. The value of the company's stock has reached an all time new high of $208.38. "I still view Apple as a pretty small company, the way that we operate". Amazon's in second place, with a market cap of $884.86 billion, and good ol' Google (well, Alphabet, technically) is in third at $854.49 billion.

But think for a moment about how Apple got so big.

The iPhone 11 and iPhone 11 Plus are set to be pricey additions to the iPhone Hall of Fame, and Apple would be wise to offer a more affordable option as well.

Apple on the other hand is the first non-state-owned company to reach this stratospheric valuation on its own merits without implicit government guarantees or backing.

Samsung has officially unveiled the budget tablet Galaxy Tab S4
The fingerprint scanner is not here, however, the tablet supports the function to scan the iris and face recognition. The device also comes with Samsung's S Pen stylus and an optional new Book Cover Keyboard accessory.

The company beat Wall Street expectations on Wednesday with $53.3 billion in third-quarter revenue, up 17 percent from the same quarter past year. And one company that might greatly exceed Apple's worth if it went public is Aramco, the giant Saudi Arabian energy company that produces 10 percent of the world's oil.

It turns out that the high-priced iPhone X didn't turn off customers (unit sales were essentially flat year-over-year) as much as it raised the company's overall average selling prices.

But given Apple's fundamentals and its reasonable valuation, the trillion-dollar market cap looks a lot more like a milestone than it does a wall.

The feat has of course been a race because the stock market's top 10 is now dominated by tech companies, with Amazon topping $900 billion in market cap and Google and Microsoft worth more than $800 billion.

The Masters of the Obvious over at Gartner this week confirmed what has been obvious for years, noting that Microsoft is number two in cloud services behind market leader Amazon.