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Apple becomes USA's first trillion-dollar company.

Apple became the USA’s first trillion-dollar public company on Thursday, as a rise in its share price pushed it past the landmark valuation.

The iPhone maker's market value reached the figure in New York on Thursday and its shares closed at a new record high of $207.39.

The stock has been rising since Tuesday when it reported better than expected results for the three months to June.

Apple beat Silicon Valley rivals such as Amazon and Microsoft to become the first to hit the $1 trillion valuation.

The rise is even more astonishing - 50,000% - since the company first listed in 1980. That dwarfs the 2,000% increase for the S&P 500 index over the same period
It means Apple’s stock market value is more than a third the size of the UK economy and larger than the economies of Turkey and Switzerland.