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Apple shares have been rising steadily over the past few days, and the company's the stock price briefly topped the $207.04 per share threshold just a short while ago.

He launched the iPhone in 2007, dropping "Computer" from Apple's name and super-charging the cellphone industry, catching Microsoft Corp (MSFT.O), Intel Corp (INTC.O), Samsung Electronics (005930.KS) and Nokia off guard.

With a market cap of $1 trillion, Apple has a value greater than the gross domestic product of most countries in the world, including Turkey, Switzerland, Saudi Arabia and Taiwan. Apple's own "Stocks" app, which is based on Yahoo Finance data, also put the company's value at $1.01 trillion. "A clean beat on the path to $1 trillion".

Apple wasn't the first company to the $1 trillion market-cap mark. Recently, some of his older clients have bought Apple shares for their grandchildren.

Apple said it expects revenue of $60 billion to $62 billion for the fiscal fourth quarter that ends in September 30.

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The rise is even more astonishing - 50,000% - since the company first listed in 1980.

Wall Street loved it. Apple climbed almost 9 percent since the earnings report.

As Bloomberg pointed out, the number of shares outstanding has been falling about 1.3% per quarter as Apple buys back its shares.

One of five U.S. companies since the 1980s to take a turn as Wall Street's largest company by market capitalisation, Apple could lose its lead to the likes of Alphabet or Amazon.com if it does not find a major new product or service as global demand for smartphones loses steam.

Amazon is in second place at $866bn, followed by Alphabet, the parent company of Google, at $843bn.