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Apple said this quarter's revenue will fall short of the targeted range of billion to billion because the coronavirus outbreak has limited iPhone production and eroded demand in China, where the company gets about 20 percent of its revenue.

Apple still relies on China to produce many of its products, so it will be watching the trade negotiations between China and the US closely.

Around 65 million of those journeys will be completed by air, a 10 percent year-on-year growth.

Apple is not the first publicly traded company in the world to surpass the trillion-dollar mark. PetroChina Co Ltd briefly topped that valuation in 2007 when its stock began trading in Shanghai. But, the oil giant's shares quickly plunged afterward. PetroChina, which is also listed on the NYSE, is now worth about 5 billion.

Arab origin