It was inevitable that Apple would become the most valuable listed company ever: it is the first to reach the magical $1 trillion valuation figure. It is Apple — with its stylish minimalist design and must-have gadgets — that has come to define the mobile internet age and has had a stratospheric share price despite a number of scandals. Apple dropped the word "computer" from its title years ago, and it now derives two-thirds of profits from the iPhone, which turned 10 last year and celebrated this by dropping the single home button that had come to epitomise the simplicity of the iPhone interface. It was fitting that the news that pushed Apple’s valuation into 13 figures last week was that iPhone sales were stronger than expected. For months there had been speculation about whether it would be Apple or Amazon that would be the first listed company to break through the $1 trillion threshold — with Google’s holding company Alphabet seeming to threaten a run at the title. But it’s appr...

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