Apple became the first publicly traded American company to reach a trillion-dollar market capitalization on August 2, when its share price surged following the announcement of record second-quarter financial results.
Shares of the world's most valuable public company briefly climbed above $207.04, making it worth $1 trillion overall.
It began an ascent on Tuesday after reporting solid results in its latest quarter.
The company is in the unique situation of controlling the hardware and software in its mobile devices, with content for users required to go through its App Store that takes a percentage of revenue.
Jeff Carbone, co-founder of Cornerstone Financial Partners in Charlotte, North Carolina, has included Apple in his clients' portfolios for about a decade. That put Apple on a path to overtake Exxon Mobil in 2011 as the largest US company by market value.
Buffett is right. Apple reported US$68 billion in profit before taxes and non-operating items in the past year. It was the company's strongest June quarter in history, bolstered by sales of the iPhone X (which retails at $999), wearables, and services.
United States Steel Corp plummeted 10.3 per cent after the company's forecasts fell below some analyst expectations in light of higher steel prices.
One of his biggest coups came in 1998 when he lured a soft-spoken Southerner, Tim Cook - the current Apple chief executive - away from Compaq Computer at a time when Apple's survival remained in doubt. Apple is now up more than 20% this year.More news: Samsung Electronics reports lower-than-expected profit
The milestone also means that Apple is worth more than just about any country on the planet, there are only 16 that it is worth less than.
That has raised concerns that Apple has become far too dependent on the iPhone, especially since iPad sales tapered off several years ago.
As for what Jobs would say of Apple's valuation, Munster says, "he'd be very proud of what he had helped build".
The company founded by Steve Jobs, however, is not the first to achieve this feat.
Hot on Apple's heels is Amazon.com, the second-largest listed US company by market value, at around $880 billion, closely followed by Google-owner Alphabet and by Microsoft.
Hit parade: Apple pioneered personal computing back in the 1980s but almost went bankrupt in the 1990s.
But he couldn't help but chuckle over the missed opportunity of being back at Apple today.