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After releasing better than expected top and bottom line results, Apple became the first US company to breach the $1trn market cap barrier on 2 August.

The technology heavyweight saw its share price climb 9% on the week, driven by strong sales in its iPhone X handset, which helped year-on-year growth rise 31%.

The surge in value means Apple is worth more than 1% of the World’s GDP according to data from the World Bank, making it larger than the GDP of the Netherlands or the whole of the Spanish stock market. The news helped push US indices higher, as other US tech players benefited from a boost in sentiment.