Apple is the world's richest-company-by-market-cap example that introduced the iPhone in 2007.
Apple unveiled the first iPhone on January 9, 2007, and released it in the United States on June 29 that year. Steve Jobs presented it as a combination of a widescreen iPod, a mobile phone, and an internet communicator.
The device helped establish the modern smartphone market by combining a multitouch display with a full web browser and downloadable applications. Apple had previously become known for the Macintosh, iPod, and iTunes ecosystem.
A common mix-up is confusing the iPhone's 2007 introduction with the App Store's launch, which came in 2008. Apple's market value later grew far beyond its early computer-business roots, supported by hardware, software, services, and a large global customer base.