Apple becomes first U.S. public company to reach a $1 trillion valuation

It seems that Wall Street analysts were wrong about Apple-again. Back in March, many of Wall Street's "sharpest minds" expected Amazon to be the first U.S. public company to reach a one trillion dollar valuation. Even though Apple was worth $140 billion more than Amazon at the time, the latter's shares were rising faster on a percentage basis. That led Wall Street to expect Amazon to hit the trillion dollar mark with Apple following a week later. The only part of the prediction that they got right was the timing; analysts expected the breach of the trillion dollar mark to take place in August.

But ...