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Despite some erroneous reports on Thursday morning universally based on outdated data about the number of outstanding shares, Apple's valuation has not yet reached $1 trillion, but it is on its way.

The trillion-dollar watch has been underway for several months now, as stock observers have watched whether Apple or Amazon would become the first company in history to reach a market capitalization of $1 trillion.

Apple's strong third-quarter earnings have been pushing the company's stock upward this week, and it hit another milestone, a $200 share price, on Wednesday. And while Apple remains very close to reaching the magic $1 trillion mark, it hadn't yet hit it as of Thursday morning.

On Wednesday, Apple announced an adjusted share count, . According to CNBC, the new count means that Apple's stock will be required to reach $207.05 in order to hit the $1 trillion market cap.

Under the previous share count, that number was $203.45. The stock tickers were, and are, using the older share number.

Some stock tickers Thursday, including the one on Apple's own Stocks app, listed the valuation at over $1 trillion, but that's based on the old data that was provided by Yahoo.

Apple reached as high as $206.42 on Thursday morning so far, a nearly 5 percent gain over its opening price of $200.58, but still below the number needed to reach $1 trillion. But, that number is in sight.