Apple becomes first U.S. company to hit $1 trillion market value

Apple on Thursday became the first publicly traded U.S. company to be valued at $1 trillion, achieving the milestone when its stock hit $207.05 a share, The Associated Press reports.

Strong third-quarter earnings brought the tech giant to the record valuation, while competitor Amazon's peak has hovered around $900 billion and Google owner Alphabet has passed $800 billion. CNN Money reports that oil company PetroChina once topped the trillion-dollar valuation as well, though it has fallen significantly since it hit that mark in 2007.

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