Apple hit a milestone on Thursday, becoming the first private-sector company to exceed $1 trillion in market value.

Shares of Apple hit $207.91 in afternoon trading on Wall Street, allowing the company to hit one trillion two days after the California-based tech giant reported strong quarterly earnings.

Following the death of Steve Jobs in 2011, chief executive Tim Cook has pumped a series of solid financial results, spreading Apple's products to China and other foreign markets to create more ‘buzz’ for the company.