Apple is the world's first trillion dollar company

Exchange Group offices are seen in the City of London Britain

Exchange Group offices are seen in the City of London Britain

Apple has become the first American company to have the total value of its publicly traded stock reach $1 trillion. At exactly 11:48a ET, on August 2, 2018, Apple stock crossed $207.05 per share.

The Forbes list, which measures the value of a company's brand by looking at its financial numbers, has ranked Apple as the most valuable brand for the last eight years in a row.

He launched the iPhone in 2007, dropping "Computer" from Apple's name and super-charging the cellphone industry, catching Microsoft, Intel, Samsung and Nokia off guard. The rise of Apple was brought forth by Steve Jobs' innovative products in the iPod, iPhone, and others, revolutionizing the way we view technology today.

While Apple is the first company to hit the trillion dollar mark, it is likely to be followed by Alphabet, Amazon and Microsoft.

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Apple generates billions from hardware sales: It had $29.9 billion in iPhone sales, up 20% year over year, for the June 30 quarter. There's no fundamental difference between Apple being worth $999 billion and $1.01 trillion.

Hot on Apple's heels is Amazon.com, the second-largest listed US company by market value, at around $880 billion, closely followed by Google-owner Alphabet and by Microsoft.

The landmark is the latest victory for Tim Cook, who faced skepticism when he took over as chief executive in 2011 from ailing iconic co-founder Steve Jobs.

Apple has won the race to a $1 trillion valuation ahead of its so-called FAANG rivals (Facebook, Amazon, Netflix, Google). Apple is a trillion-dollar company because its innovation-driven profitability creates real value, not stock manipulation.

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Originally founded as a maker of computers in 1976, Apple expanded to dozens of product categories in the 1990s, many of which were unsuccessful. "The five-year chart for all three companies show pretty steady upward climbs, but Alphabet's gains only tally 116 per cent versus almost 500 per cent for Amazon and 220 per cent for Apple", Robert Martin of InvestorPlace Media wrote.

It is a market development that has been in the pipeline for well over a year.

Since September 2017, Apple has seen double-digit year-on-year revenue growth across the Greater China region. So who's going to pay for it? That company is now worth about $205 billion. Amazon had the second-largest USA market cap as of Wednesday, at roughly $872.5 billion.

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