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Apple’s market valuation surged past the $1 trillion point for the first time BODE MARKS

APPLE'S market valuation surged past the $1 trillion point for the first time on Thursday, the first time in history a company has reached that level. The glitch occurred because Apple announced a substantial share buyback programme after reporting its third quarter figures, which meant that the total number of shares in issue went down, increasing the value the share price had to reach before it pushed the company over $1 trillion. Stock market veterans note that the first trillion-dollar public company -- if only briefly -- appears to have been PetroChina Co., whose shares soared like a rocket past the $1 trillion mark in November 2007 after a Shanghai listing was pumped up by speculators.
Apple Inc. becomes the first public company to be worth US$1 trillion.