Apple stock has closed above $200 a share for the first time since 2011, bringing its market capitalization to more than $1 trillion.
The stock surged more than 11% on Wednesday, making it the most valuable U.S. company.
Shares surged more when the company announced earnings for the quarter ending Sept. 30.
It was also the most profitable quarter ever for Apple.
“Apple is a global company, and we are one of the most successful companies in the world, with more than 150 million people in over 80 countries,” CEO Tim Cook said in a statement.
“We are grateful to the thousands of people around the world who work with us, who are excited about what we are building and who want to buy it.”
The stock rose more than 12% in after-hours trading after the news.
Apple is currently trading at a price of $192.80.
The company reported earnings for its fiscal second quarter, which ended June 30, that were up 30% from a year ago.
Its profit came in at $23.8 billion, or $2.38 a share.
The profit for fiscal third quarter, in which the company reported revenue of $39.4 billion, was down 13% from the year ago quarter.
Apple’s profit was up more than 35% year-over-year.
Apple’s revenue grew by more than 14% in the quarter, compared to a year earlier.
The company also made an increase in its share price, posting an 8% gain on Wednesday.
The price of Apple stock is currently down nearly 11% this year.