American multinational technology company Apple is officially a trillion-dollar company Y’all!
The landmark achievement was made on Thursday, August 2, after its shares hit $207.05.
Co-founded by Steve Jobs in 1976, the company has become one of the leading computer and mobile brands in the world.
According to reports from The Guardian, Apple hit the $1tn (£767bn) mark after reporting better-than-expected sales figures for the third quarter, pushing shares of the iPhone giant higher and easing the value of the company up from $935bn.
Apple was founded in the garage of Steve Jobs in 1976 when personal computers were in their infancy. Along with the other co-founder, Steve Wozniak, Jobs began steering the industry toward devices that would appeal to consumers, culminating in the introduction of the iPhone in 2007.
The company almost went bankrupt in the late 1990s. It had failed to continue making popular products after Jobs left the company in 1985 amid a dispute with the company’s then-CEO. Jobs returned in 1997 and accepted a $150 million investment from rival Microsoft.