Apple Is Now Worth $1,000,000,000,000

U.S Tech giants Apple Inc. hits the $1 Trillion value mark.

Apple becomes first U.S company to hit trillion-dollar milestone after its stocks crossed the $207.04 level on Thursday morning.

The iPhone maker is only the second company worldwide to achieve the feat. Oil giant PetroChina (PTR) briefly topped a trillion dollar valuation in 2007 when its stock began trading in Shanghai, but shares quickly plunged afterward.

Apple shares is now up more than 20% this year. Shares surged after Apple reported earnings that topped forecasts and a healthy outlook on Wednesday.

The company revealed an adjusted outstanding share count of 4,829,926,000 Wednesday alongside the company’s third-quarter results. That factors in hefty stock buybacks and shoved the trillion-dollar per share price to $207.05.

Market cap is the number of shares multiplied by the current stock price.

CNN reports that the tech giant rallied past the trillion level thanks to solid sales of the iPhone 8 and X — particularly in China and Japan — and surging services revenue from the App Store.

Amazon (AMZN), Google owner Alphabet (GOOGL) and Microsoft (MSFT) have all rallied to near record highs this year, too. Amazon is worth nearly $900 billion while Google and Microsoft are each now worth more than $800 billion.