Source: Justin Sullivan / Getty
Apple has become the first U.S. company to reach a $1 trillion market valuation. Today the company’s stock rose past $207.04 per share, breaking the $1 trillion market cap with close to 5 billion shares out on the market. The company’s quarterly revenue reports reflected revenues of $53.3 billion, causing the tech company’s value to climb steadily over recent days. iPhone sales have risen 20 percent, which has certainly played a part. Apple edges out Amazon, who were running neck and neck as the two top contenders in reaching the trillion milestone.
