Apple’s Market Cap Hits $1 Trillion

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Apple on Thursday become the first U.S. company worth more than $1 trillion on a public stock market.

Apple's stock has risen more than 50,000% since it first listed in 1980.

Last year, sales had risen to $229bn and profits to $48.4bn, making it the most profitable public-listed United States company.

"It's certainly a tremendous achievement to create a company with a $1 trillion market cap".

The California-based company born of a friendship between Steve Wozniak and the late Steve Jobs is credited with giving rise to smartphone lifestyles and "apps" for almost everything.

"The organic growth of these so-called steady-eddie companies is nowhere near that of Apple", [Cramer] said of the consumer packaged goods plays.

September 1997: Jobs returns as chief executive as the company teeters near bankruptcy.

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August 1998: Apple releases the all-in-one iMac computer.

Holy sh*t, Apple has really done it.

In addition, that is, to shepherding a decade-long succession of iconic products that transformed Apple from a technological boutique to a cultural phenomenon and moneymaking machine.

He launched the iPhone in 2007, dropping "Computer" from Apple's name and super-charging the mobile phone industry, catching Microsoft Corp, Intel Corp, Samsung Electronics and Nokia off guard. The shares are up 22 per cent so far this year.

September 2014: Apple introduces the Apple Watch. The company's various services such as Apple Music, iCloud and Apple Pay now represent $9.6 billion in revenue.

On Tuesday, Apple reported that net profit jumped more than 30 percent to $11.5 billion. This is not the end, that they hit $1 trillion.