Apple has become the world's first publicly traded company to be valued at US$1 trillion (NZ$1.48 trillion).
Other technology companies with high-flying, trendy stocks are expected to join Apple in the $1 trillion club before long.
Neowin mentioned a few days ago that Apple was likely to pass the $1 trillion threshold thanks to the huge $53.3 billion in revenues it made in the last quarter. That put Apple on a path to overtake Exxon Mobil in 2011 as the largest US company by market value.
Apple is the first United States company to reach that lofty level.
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PetroChina, the world's fourth biggest oil company by revenue, was the first company to pass the $1tn mark in 2007.
September 1985: Jobs leaves Apple after a power struggle with chief executive John Sculley.
Before the release of the iPhone, Apple was reporting revenue of less than $20bn and profits of less than $2bn from the sale of its Mac personal computers in 2006.
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The rise is even more astonishing - 50,000% - since the company first listed in 1980. Based on that number, Apple's stock needed to reach $207.05 a share to be worth $1 trillion, which it did today. On Thursday, Amazon's market capitalization was around $874 billion.
Cook's hiring may have been one of the best things Jobs did for Apple.
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