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| Apple's third-quarter earnings exceeded Wall Street's expectations |
Apple has become the first US-listed company to be valued at a trillion dollars.
The company, which was started in a garage in Palo Alto by Steve Jobs and Steve Wozniak in 1976, has transformed the way people communicate with its ubiquitous iPhone.
When the iPhone was introduced in 2007 it kicked off a smartphone revolution, leaving the giants of the mobile phone industry Nokia and Blackberry struggling for survival.
Alphabet, the parent of Google, scrambled to provide its Android software to power mobile phones, making sure Apple didn't steal a huge march on rivals.
That helped Samsung to become the world's biggest mobile phone manufacturer, while China's Huawei overtook Apple to become the second-largest smartphone seller this week.
Apple has turned to the courts to protect its advantage and won multi-million dollar payouts from Samsung for allegedly copying some of its technology.
Mr Jobs, who returned to revitalise the company in 1996 when Apple was worth $3bn, died in 2011.
Before the release of the iPhone, Apple was reporting revenue of less than $20bn and profits of less than $2bn from the sale of its Mac personal computers in 2006.
Last year, sales had risen to $229bn and profits to $48.4bn, making it the most profitable public-listed US company.from www.news.sky.com
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