Apple becomes world's first public company worth $1 trillion

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On Thursday, Apple became the first U.S. company to ever reach a $1 trillion worth when its shares climbed past $207.05, even reaching a new all-time high of $208.38.The record-breaking shares came after the firm announced impressive earnings that beat even optimistic forecasts. If you go back as far as the inception of the company in in 1980 the shares have grown by over 2000%. And with shares priced at just 15.2 times expected earnings, the market has adjusted to the new reality. Earlier, PetroChina 2007 become the world's first company to reach $ 1 trillion company, however, the stock soon drop below the achieved mark.

For now, though, Apple seems to be at the top of its game, expanding recently into the Chinese market and finding success overseas.

The company beat Wall Street expectations on Wednesday with $53.3 billion in third-quarter revenue, up 17 percent from the same quarter a year ago.

That price translates to a $1 trillion market cap, based on the current estimated number of outstanding shares.

The tech giant's stock jumped 2.8 percent to as high as $207.05 following a decade-long rise fueled by the iPhone. Microsoft, from which Apple snatched the title of most valuable company in 2012, is at $827.53 billion today.

Lewis Hamilton over the moon to win in Hungary
Bottas, suffering a loss of downforce when the Ferrari swung in front of him, had nowhere to go and contact was inevitable. Vettel will certainly be hoping so. "We've got things to improve, we've got performance to bring moving forwards".

The latest quarterly results confirmed that Apple isn't selling many more iPhones these days.

Facebook (fb) was also in the hunt for a $1 trillion market cap, until a stock collapse last week dramatically cut the company's market cap to $504 million as of Thursday's trading.

Apple Inc (AAPL.O) extended its post-earnings rally, gaining 2.9 percent and pushing its market value across the trillion-dollar threshold.

Originally founded as a maker of computers in 1976, Apple expanded to dozens of product categories in the 1990s, many of which were unsuccessful.

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