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Welcome to the Voice of America’s News Words.
The American company, Apple Inc., recently rose above $3 trillion in market value.
Milestone
The milestone made Apple the world’s most valuable company for a brief time on the American stock index, the S&P 500.
The demand for iPhones and computers helped Apple reach the milestone.
In this example, a milestone is an important point in the progress of a business.
It can also be a very important event or move forward, like a tenth or 100th birthday.
*This article has been edited and reprinted from VOA Learning English with permission from Voice of America (VOA) for use in English language materials.