Apple becomes world's first public company worth $1 trillion

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Apple has become the first American company to have the total value of its publicly traded stock reach $1 trillion. "That puts this company in perspective".

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.

"The combination of a strong macro environment and an increasingly engaged customer base led to double-digit growth in all regions", Morgan Stanley said in a note, according to CNBC.

U.S. tech companies have cemented their position in the broader market, now making up the top 5 most valuable enterprises based on share prices.

Amazon, whose worth was just a third of Apple's in 2011, has seen its share prices surge in recent times.

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The iPhone maker achieved that big number on Thursday when the stock passed $207.04 a share.

"These are the actual shares outstanding able to trade, even though some may be held by insiders, interlocks or others", Silverblatt said.

MSCI's broadest index of Asia-Pacific shares outside Japan closed down 1.6 percent, dragged lower by a 1.8 percent fall in Chinese H-shares.

Apple's stock has climbed by 23 percent so far this year, compared to a 6 percent gain for the Standard & Poor's 500 index. So who's going to pay for it?

But a traditional industrial business, The Saudi Arabian Oil Company known as Aramco, could surpass Apple if it carries out plans to offer its stock to the public. That led a rebound in technology stocks that helped key USA indexes pare earlier losses to turn positive. In 2011, Apple was the only tech company in the top five.

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October 2001: Apple unveils the iPod and opens its first real-world shops. "Some companies are priced by the market on hopes and dreams of future profits".

Those are billed as higher-margin businesses, but because of Apple's spending the company's margins have actually been decreasing.

Jobs told consumers what they wanted, but Cook made sure it got to the consumer as efficiently as possible. By 2010, its value was almost $300 billion.

But Cook has gradually won accolades from investors by pumping out a series of solid financial results and spreading Apple's products to China and other foreign markets.

Apple is the first private sector company to reach this level.

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A Forrester analyst said of the company, "Whether they stand alone or are acquired, Apple as we know it is cooked".

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