And finally…Apple now worth more than all but two US cities

According to data from the Bank of America Merrill Lynch, the company is worth $803 billion (£618 billion), more than every US city except Los Angeles and New York.

And the iPhone maker’s market capitalisation is just 4 per cent less than the GDP of the City of Angels, the US’s second wealthiest city.

But it remains the much smaller entity in comparison to the Big Apple, which was valued at $1.483 trillion (£1.14 trillion) last year.

Equity with New York would require Apple to increasie its market capitalisation by 85 per cent.

But with the value of Apple increasing 33 per cent in the first quarter of this year, and almost 50 per cent since the U.S. election in November, some experts believe it could break through the $1 trillion (£0.77 trillion) mark in the next 12 to 18 months.

New York’s current value also means that it is two per cent more than Apple and Google’s parent Alphabet’s market values combined – although this is still a staggering joint worth of $1.54 trillion (£1.19 trillion) - larger than the financial sectors of Japan and the EU put together.

The Bank of America’s valuation of Alphabet of $657.9 billion (£506 billion) makes it worth 13 per cent more than the GDP of Chicago.

Alphabet is also up by 21 per cent in 2017 and it has grown by 33 per cent during the past year.