Apple surges to $1 trillion in market value

SAN FRANCISCO – The Latest on Apple reaching a market value of $ 1 trillion (all times local):

1:00 p.m.

Apple is worth $ 1,001,679,220,000.

The company reached the milestone when trading $ 207.04. They closed with a gain of 2.9 percent to $ 207.39. The shares are up 23 percent so far this year.

The achievement seemed unimaginable in September 1997 when Steve Jobs was born.

Steve Jobs rejoined the company. If someone had dared to buy $ 10,000 worth of Apple at that point of desperation, the investment would now be worth about $ 2.6 million.

Amazon is the second-most valuable company with a market value of $ 895 billion. Alphabet, the parent company of Google, is third at $ 863 billion.

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