![\"\"](\"https:\/\/ugmirror.com\/wp-content\/uploads\/2018\/08\/Apple.png\")
<\/p>\nApple has become the world’s first public company to be worth $1 trillion (\u00a3767bn).<\/p>\n
The iPhone maker’s market value reached the figure in late morning trading in New York as its shares rose to a new record high above $207.<\/p>\n
The stock has been rising since Tuesday when it reported better than expected results for the three months to June.<\/p>\n
Apple beat Silicon Valley rivals such as Amazon and Microsoft to become the first to hit the $1 trillion valuation.<\/p>\n
Since the iPhone first went on sale in 2007, Apple shares have soared by 1,100% and have jumped almost a third in the past year.<\/p>\n
The rise is even more astonishing – 50,000% – since the company first listed in 1980. That dwarfs the 2,000% increase for the S&P 500 over the same period.<\/p>\n
Apple traces its origins to the garage of co-founder Steve Jobs in 1976 and was initially best known for its Mac personal computers before its smartphone paved the way for the app economy.<\/p>\n
Mr Jobs, who died in 2011 and was succeeded as chief executive by Tim Cook, oversaw the development of the iPhone, which transformed Apple’s fortunes.<\/p>\n
In 2006 the company had sales of less than $20bn and posted profits of almost $2bn.<\/p>\n
Last year its sales hit $229bn, with profits of $48.4bn, making it the most profitable listed US company.<\/p>\n
PetroChina was briefly worth about $1.1 trillion after floating in Shanghai in 2007, although most of its shares were held by the Chinese government. It is now worth about $220bn.<\/p>\n
Adjusted for inflation, numerous US companies from General Electric to Microsoft have been worth more than Apple is today.<\/p>\n
<\/p>\n
BBC<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Apple has become the world’s first public company to be worth $1 trillion (\u00a3767bn). The iPhone maker’s market value reached the figure in late morning trading in New York as its shares rose to a new record high above $207. The stock has been rising since Tuesday when it reported better than expected results for […]<\/p>\n","protected":false},"author":27983,"featured_media":5131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_paywall_metabox":[],"jnews_override_counter":[],"footnotes":""},"categories":[103],"tags":[],"class_list":["post-5130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech"],"yoast_head":"\n