The share price of Apple (AAPL : NASDAQ) rose to $207.39 on Thursday, thus enabling the company to reach the magical number of $1 Trillion in market capitalization. Apple is the first publicly traded U.S. company to achieve this milestone.

Apple released its quarterly earning report earlier this week and a solid performance with a positive outlook was more than enough to gain the trust of investors and shareholders. Earnings for this quarter not only exceeded figures expected by industry experts, but also turned out to be higher than Apple’s own estimates. The company posted a quarterly revenue of $53.3 billion.

Reaching the trillion $ figure is not so much of a surprise as Apple had been on this path for quite a while. It was just a matter of time. Though there were some speculations as to whether Amazon might end up beating Apple to this mark. But Apple stood firm.

Amazon currently holds the 2nd largest market value with $875 billion (approx). Alphabet the parent company of Google is at third spot with $857 billion (approx). Microsoft with $815 billion (approx) and Facebook with $500 billion (approx) round up the top 5 on Nasdaq.