Apple officially becomes the first $1 trillion company

Holy sh*t, Apple has really done it.

The beloved tech giant is now officially the first trillion-dollar company, beating Amazon to the historic milestone.

SEE ALSO:This is probably what Apple's upcoming iPhones will look like

On Thursday, Apple's stocks app for iOS, which pulls its financial data from Yahoo Finance, reported the company stock had passed $1 trillion, but that was based on the stock price being about $203 per share.

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However, because the company readjusted its share count due to buybacks at the close of Q3, Apple's stock price actually needed to hit about $207.05 per share before it can claim the title as the first trillion dollar company.

At the time of publishing, based on the adjusted $205.74 share price, Apple's close to the trillion-dollar valuation, but not quite there yet, sitting at about $955.08 billion in market cap according to Google Finance.

We'll be monitoring Apple's stock price closely to see if it's able to really become the first trillion-dollar company. It's gonna be a moment to remember.

UPDATE: Aug. 2, 2018, 11:52 a.m. EDT Apple is officially the first company to hit $1 trillion market cap, according to CNBC.

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