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

Yellow Vest movement rallied in Vernon Saturday

Protesters took to the steps of the Vernon courthouse Saturday.

Column: Star Gazing: Binoculars for Christmas

Looking for a Christmas gift for your astronomer?

Christmas wish for Mirielle: love and carpets

Mirielle was born with misshapen back legs and after a tough life on the streets, is looking for a forever home.

Student view: Penticton senior dishes on high school life

Kevin Styba-Nelson is a Grade 12 student at Princess Margaret Secondary School

Vegan chocolatiers set up shop in Penticton

Celine Nativel and David Mullner, of Maison Mulnati French Vegan Chocolates, discuss their craft

Yellow Vest movement rallied in Vernon Saturday

Protesters took to the steps of the Vernon courthouse Saturday.

Shuswap tennis club’s indoor facility construction moving at a smooth clip

Volunteer support has been crucial, opening expected in April 2019.

Yellow Vest movement rallied in Vernon Saturday

Protesters took to the steps of the Vernon courthouse Saturday.

Man dies after falling from B.C. bridge

Intoxicated man climbed railing, lost his balance and fell into the water below

B.C. animation team the ‘heart’ of new ‘Spider-Man: Into the Spider-Verse’

The animators, largely based in Vancouver, ultimately came up with a creative technique that is drawing praise

Light at the end of the tunnel for UN climate talks

Meeting in Katowice was meant to finalize how countries report their emissions of greenhouses gases

Janet Jackson, Def Leppard, Nicks join Rock Hall of Fame

Radiohead, the Cure, Roxy Music and the Zombies will also be ushered in at the 34th induction ceremony

Supreme Court affirms privacy rights for Canadians who share a computer

Section 8 of the Charter of Rights and Freedoms protects Canadians against unreasonable search and seizure

B.C. fire chief pleads with Ottawa for traumatic stress support

Campbell River fire chief Thomas Doherty presented concerns to federal government

Most Read