Apple makes history as first trillion dollar company

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Apple makes history as first trillion dollar company

U.S. Tech giant Apple Inc has made world history as the first private company in the world to record a market valuation of $1 trillion and even surpass the milestone.

PetroChina owned by the Chinese government briefly broke the $1 trillion barrier in 2007 during its initial public offering, but has since dropped back down.

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Apple attained its unprecedented feat Thursday following its latest surge after reporting strong quarterly earnings.

Shares of Apple briefly hit $207.05 in late-morning trading, before retreating somewhat. The gains came after the iPhone maker reported strong earnings late Tuesday that prompted a two-day rally in the share price.

Apple said it currently has 4.83 billion shares outstanding.

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The landmark is the latest victory for Apple chief executive Tim Cook, who faced skepticism when he took reins of the iconic technology giant in 2011.

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