It has been said severally that an i-phone is not just a phone. It is way more than that; in its newest accolade it is equivalent to 1 trillion dollars.

Apple has become the world's first public company to be worth $1 trillion.

When next you work into an i-store, remember you are threading on trillion ground.

The iPhone maker's market value reached the figure on Thursday trading in New York as its shares rose to a new record high above $207.

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

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Apple's stock has risen more than 50,000% since it first listed in 1980 - far higher than the 2,000% increase for the S&P 500 over the same period.

Since the iPhone first went on sale in 2007, Apple shares have soared by 1,100% and have jumped almost a third in the past 12 months.

Apple began in the garage of co-founder Steve Jobs in 1976 and was initially best known for its Mac personal computers before its smartphone paved the way for the app economy.

Mr Jobs died in 2011 and was succeeded as chief executive by Tim Cook.

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