Will Apple retain its trillion-dollar bite?

Apple Watch Available at Retail Locations

It became the first $900 billion company exactly nine months ago, on November 3, 2017.

The iPhone-maker's shares struck an all-time high of $207.05 during trading in NY, pushing its market capitalisation past the landmark trillion-dollar level to $1.02 trillion.

After the news, Apple's CEO Tim Cook released a memo to employees thanking them for their hard work. In comparison, competitor Amazon reached the $900 billion milestone last month.

With over 1 billion Apple devices in daily use, the traction this ecosystem provides ensures that the company will have dependable returns regardless of market conditions.

Jeff Carbone, co-founder of Cornerstone Financial Partners in Charlotte, North Carolina, has included Apple in his clients' portfolios for about a decade. But let's not overstate the case; with 56% of revenue coming from iPhones last quarter, Apple is still a handset company.

Florentino Perez: 'Luka Modric available for £670m'
Gazzetta says Modric's wife, Vanja Bosnic, has made contact with Inter to offer the midfielder to the Italians . Cristiano Ronaldo has already quit Real Madrid for Italy, joining Juventus in a £105m deal.

Apple has seen sales of Mac computers grow despite overall shrinking in the market. The shares are up 22 per cent so far this year.

Jobs remained mercurial when he returned to Apple, but he had also become more thoughtful and adept at spotting talent that would help him create a revolutionary innovation factory.

PetroChina once had a $1 trillion valuation, but only briefly, and most of its shares were owned by the Chinese government. Second, Apple compares well with the broad market on measures of risk, financial strength, and growth potential, which means it arguably deserves a premium valuation. The number will likely still fluctuate as the stock market often does, but this is another milestone to add to Apple's long history. Since 1980, IBM Corp IBM.N , Exxon Mobil XOM.N , General Electric Co GE.N and Microsoft have also alternated as the largest publicly listed US company.

Behind Apple are Amazon, Google parent Alphabet, Microsoft and Facebook. All the enthusiasm around the $1 trillion market capitalization, both those things have just exhausted the current trading in Apple. It is now worth about $200 billion, according to Thomson Reuters data.

Apple became the first US-based company with a market value of $1 trillion (R13.3 trln) after its shares went up 3 percent on Thursday.

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