Apple made history Thursday when it became the first publicly listed US company to be valued at $1 trillion. Its incendiary rise to the top came to fruition on Thursday, when NY shares closed at an all-time high of $207.39.
Apple first listed in 1980 and its stock has risen more than 50,000% since then.
The market cap is the company's total market value, calculated by multiplying the value of its stock times all shares outstanding.
Apple said it expects revenue of $60 billion to $62 billion for the fiscal fourth quarter that ends in September 30. After launching the iPhone - arguably its most famous product - in 2007, Apple now churns out over 40 million of the devices every quarter, helping it rake in $254.63 billion in revenue past year.
Mr Jobs, who died in 2011 and was succeeded as chief executive by Tim Cook, oversaw the development of the iPhone, which transformed Apple's fortunes.
Cook's ambivalence to the $1 trillion mark mirrors what he told CNN's Laurie Segall in June.
Since starting out in a family garage in Silicon Valley more than 40 years ago, Apple weathered boardroom drama, market missteps, and even a close call with bankruptcy on its path to the milestone, thanks to products that radically transformed lifestyles and the way we communicate with each other. PetroChina (PTR), the Chinese oil giant, topped the trillion-dollar mark on its first day of trading in 2007, but the stock collapsed soon thereafter. Cook sent a memo to company staff reminding them that, while reaching $1 trillion is a "significant milestone", it is not the most important measure of Apple's success.
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Today's chart shows this milestone - as well as numerous ones before it - through a period of over 200 years of USA market history.
It's only taken Apple 42 years to get almost as big as Canada.
But no matter what your view of the company and its products, Apple devices have changed the world - and today made financial history as well.
Since September 2017, Apple has seen double-digit year-on-year revenue growth across the Greater China region.
"It is not just about inventing new products, it is about delivering more value to current products through services and apps that can deliver revenue", said analyst Milanesi.
Apple isn't safely ahead of everyone else yet, Amazon is now valued at around 900 billion and is closing in on a trillion steadily as well. That company is now worth about $205 billion.