Apple crunch past magic trillion mark

Apple has become the world’s first publicly traded company to be valued at $US1 trillion.

The peak reached yesterday seemed unimaginable in 1997 when Apple teetered on the edge of bankruptcy, with its stock trading for less than $US1.

To survive, Apple brought back its once-exiled co-founder, Steve Jobs, as interim chief executive.

Apple shares rose 2.7 per cent yesterday to an alltime high of $US207.05 around midday.

Amazon is the second most valuable company at $US885 billion and Alphabet, the parent of search leader Google, is worth about $US860 billion.