Apple has become the first company to reach a trillion-dollar market capitalisation, beating old foes such as Microsoft and younger tech rivals Amazon and Alphabet to the milestone.
The landmark moment, when the company’s share price touched $207.05 in intraday trading yesterday, came thanks to a combination of robust iPhone sales and a vast capital returns programme running into hundreds of billions of dollars.
Twenty years after co-founder Steve Jobs returned to rescue the group from the brink of bankruptcy, Apple has thrived because of a succession of products and services, from the iPod and iTunes, to the iPhone and App Store.
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