BREAKING: Apple Share Gains Push Company to $1 Trillion Milestone

Apple store
Shoppers look at products at the Upper West Side Apple Inc. store in New York, U.S., on Sunday, July 20, 2014. Photographer: Michael Nagle

Apple Inc. shares rose 2.8 percent on Thursday, making the consumer technology giant the first U.S.-based company to be valued at $1 trillion, Bloomberg News reports.

The iPhone maker’s market capitalization briefly passed $1 trillion, based on trading in New York and share count data the company disclosed in a recent regulatory filing. PetroChina Co. crossed the $1 trillion mark in late 2007 but slumped quickly as oil prices collapsed in the financial crisis. Other tech giants are not far behind Apple today, with Amazon.com Inc., Alphabet Inc. and Microsoft Corp. worth more than $800 billion each.  (Bloomberg)

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