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

Lacombe athletes compete at largest North American cheer event

25,000 athletes were in Dallas in late February

Blackfalds advises residents to watch for spring thaw conditions

Public Works crews are attending to those services affected

REVIEW: Lacombe production of Halfway There a heartfelt hit

Cow Patti Theatre brings Canadian classic to the stage

PHOTO: U12 Edge Ringette wins Provincials in Calgary

Lacombe defeated Hinton in the final to take home the title

WATCH: ‘Napalm Girl’ discusses journey from hatred to forgiveness in Lacombe

Burman University’s Herr Lecture Series welcomed Kim Phuc Phan Thi to Lacombe

Facebook to overhaul ad targeting to prevent discrimination

The company is also paying about $5 million to cover plaintiffs’ legal fees and other costs

2019 BUDGET: As deficit grows, feds spend on job retraining, home incentives

Stronger economy last year delivered unexpected revenue bump of an extra $27.8 billion over six years

Newfoundland man caught after posting photo of himself drinking and driving

The 19-year-old took a photo of himself holding a beer bottle and cigarette while at the wheel

Here are five political leaders campaigning in Alberta’s spring election

Rachel Notley, Jason Kenney, Stephen Mandel, David Khan, and Derek Fildebrandt

UPDATE Leduc RCMP say sexual assault claim was false

UPDATE Leduc RCMP say investigation revealed sexual assault never took place

Fought to unite Alberta conservatives: Former MP Kenney ready to run for premier

Kenney, 50, was born in Oakville, Ont., raised in Saskatchewan, and spent his adult years in Alberta

Alberta Premier Rachel Notley wants chance to ‘finish that job’

Notley, 54, is the daughter of the late Grant Notley, who led the NDP from 1968 to 1984

PHOTOS: Massive fire at Wetaskiwin’s Rigger’s Hotel

Multiple fire departments involved, building badly damaged

Most Read