Apple has long been in premier position in the race to be the world’s first publicly traded company valued at $1 trillion. For much of the summer, it was fighting off tough competition from Amazon; however, today, Apple finally passed the magic number to reach a truly historic milestone.

It was only on Tuesday that the Cupertino company reported expectation-smashing earnings for its third fiscal quarter, with revenue rising by 17% year-on-year to reach $53.3 billion. The earnings announcement sent the stock soaring by 5% in the following 24 hours, as AppleInsider reports.

On Wednesday, Apple also revealed that its share count had been tweaked to 4,829,926,000, requiring the stock price to reach $207.05 to lift the company into trillion-dollar territory. The stock price went on to do exactly that just before noon Eastern Time today.

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