Apple became the first-ever U.S. company to reach $1 trillion market valuation on Aug. 2, CNBC reports.
After reporting strong third quarter earnings results July 31, Apple's stock rose nearly 3 percent to $207.05 in midday trading before dipping below $207.
There are more than 4.8 billion shares of Apple, and investors previously suggested a $203.45 share price would help it reach the $1 trillion mark. However, the company returned $100 billion to shareholders as part of a stock buyback program in May, which pushed the benchmark higher.
"I think it just speaks to just how powerful the Apple ecosystem has become over the last few decades," market research firm GBH Insights Chief Strategy Officer Dan Ives told CNBC. "This is not the end, that they hit $1 trillion. I view this as just kind of speaking to a new stage of growth and profitability."