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Apple makes history by becoming first company to reach $1 trillion market value

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Apple becomes trillion dollar company

Apple, which already held the crown as the most-valuable company on earth, made Wall Street history Thursday when it became the first publicly traded corporation to reach a market value of $1 trillion.

Apple, whose stock is owned by investors ranging from billionaire Warren Buffett to mutual fund giant Vanguard to millions of working Americans through funds owned in their 401(k)s, passed the milestone days after reporting another stellar quarter, highlighted by a jump in revenue to $53.3 billion and the sale of 41.3 million iPhones.

The iPhone maker broke the $1 trillion barrier when its stock briefly hit the magic share price of $207.05, according to Nanex, which supplies market data to the financial industry. Online brokerage TD Ameritrade said the history-making trade occurred at 11:48 a.m. ET.

“Apple has gone where no company has gone before,” says Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.

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