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

Man sentenced to six years for dangerous driving causing death of Ladysmith woman

Dustin Dennis Zinter had previously been found guilty after 2015 incident on Yellow Point Road

B.C. local elections: 14 key statements from the Ladysmith all candidates forum

Citizens flocked to Aggie Hall earlier this week to hear from seven… Continue reading

Ladysmith Ratepayers Association forms to bring voice to community

Meet and greet wth council candidates planned for Oct. 18 at Eagles Hall

Show skating career begins for Fuller Lake product

Robertson rehearsing in Florida for a Disney On Ice production

Ladysmith sawmill operations suspended due to log shortage

The Western Forest Products Ladysmith sawmill division has been closed until further… Continue reading

Secret supper clubs test appetite for cannabis-infused food ahead of legalization

Chefs are eagerly awaiting pot edibles to become legal in Canada

Enbridge to begin building road to access pipeline explosion site in B.C.

An explosion Tuesday knocked out a 91-centimetre line

Andrew Scheer on revamped NAFTA deal: ‘I would have signed a better one’

Conservative leader says he wouldn’t have signed USMCA

Matheson will have NHL hearing after Canucks rookie Pettersson hit

The 19-year-old Swedish centre appeared woozy after the hit

GUEST COLUMN: A better way to manage B.C.’s public construction

Claire Trevena responds to Andrew Wilkinson on NDP union policy

B.C. brewery creates bread beer from food waste

The brew aims to raise food waste awareness and provide funds for the food bank

Dad files Charter challenge after B.C. bans kids from taking transit unsupervised

Adrian Crook is taking his fight to B.C. Supreme Court

B.C. VIEWS: Cast your municipal vote for sanity on homelessness

Thousands on waiting list while anti-capitalist bullies get priority

Police investigate alleged arson at Toronto hotel housing asylum seekers

Police believe the fire was started intentionally, but they have not spelled out a possible motive

Most Read