FILE - In this April 24, 1984 file photo, Steve Jobs, left, chairman of Apple Computers, John Sculley, center, president and CEO, and Steve Wozniak, co-founder of Apple, unveil the new Apple IIc computer in San Francisco, Calif. Apple has become the world’s first company to be valued at $1 trillion, the financial fruit of tasteful technology that has redefined society since two mavericks named Steve started the company 42 years ago. (AP Photo/Sal Veder, File)

Financial fruit: Apple becomes 1st trillion-dollar company

Milestone marks the financial fruit of stylish technology that has redefined society

Apple has become the world’s first publicly traded company to be valued at $1 trillion.

The milestone marks the financial fruit of stylish technology that has redefined society since two mavericks named Steve started the company 42 years ago.

The peak reached Thursday seemed unimaginable in 1997 when Apple teetered on the edge of bankruptcy, with its stock trading for less than $1.

To survive, Apple brought back its once-exiled co-founder, Steve Jobs, as interim CEO and turned to its archrival Microsoft for a $150 million cash infusion to help pay its bills.

Jobs eventually introduced such popular products as the iPod and iPhone that have driven Apple’s rise.

Apple shares rose 2.7 per cent to an all-time high of $207.05 around midday. They’re up 22 per cent so far this year.

Michael Liedtke, The Associated Press

Like us on Facebook and follow us on Twitter.

Just Posted

Breton RCMP seek motorist who may have witnessed crime

Breton RCMP requesting public assistance in identifying suspects of break and enter

Rimbey set to change advertising methods with new bylaw

Deadline for written submissions set for Aug. 17

Ponoka County slows changes to CFO plans

Residents speak their concerns over the potential of changing areas allowing CFOs

Rimbey’s truck museum opening of expansion held

Prominent in the display is local author Janette Oke (nee Steeves)

Rimbey bowlers off to National Senior Games

The team is heading to Saint John, New Brunswick

PHOTOS: B.C. city wakes up to darkness under wildfire smoke

The rest of the province also dealing with thick haze as smoky skies continue

Thousands to attend funeral service for officers killed in Fredericton shooting

Hundreds of officials marched in the parade, which included massed band, several police motorcycles

Canadians believe in immigration but concerned about asylum seekers: study

Immigration, Refugees and Citizenship Canada paid for study to understand Canadian attitudes

These are the highest-paid actresses of 2018

In its list released this week Forbes said all 10 earned a total of $186 million before tax

Ponoka’s Ronnie Racing wins Hot August Night

About 15,000 people filled the Castrol Raceway stands at the motorsports complex

Vintage vehicle subject of RCMP search

Two Hills RCMP seek to identify owner of recovered 1940’s vehicle

Canada’s tax system unfairly favours wealthy, poll of CRA auditors suggests

Four of every five respondents think loopholes and tax credits built into the system benefit the rich

Banff’s Sunshine ski resort upset with proposed guidelines from Parks Canada

The plan would allow for more visitors but wouldn’t let Sunshine build additional facilities

Publication ban lifted on details about Fredericton shooting that killed 4

Judge lifts publication ban on court documents related to the Fredericton shooting

Most Read