Apple Becomes First US Company to Reach $1 Trillion

Apple Becomes First US Company to Reach $1 Trillion
Apple became the first $1 trillion U.S. firm Thursday. An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City on July 21, 2015. Reuters/Mike Segar/File Photo
Jack Phillips
Jack Phillips
Breaking News Reporter
|Updated:

Apple Inc became the first $1 trillion publicly listed U.S. company on Thursday, crowning a decade-long rise fueled by its ubiquitous iPhone. The device transformed Apple from a niche player in personal computers into a global powerhouse spanning entertainment and communications.

The tech company’s stock jumped 2.8 percent to as high as $207.05, bringing its gain to about 9 percent since Tuesday when it reported June-quarter results above expectations and said it bought back $20 billion of its own shares.

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
twitter