Apple became the first publicly traded U.S. company to reach a $1 trillion market capitalization in 2018.
Apple crossed the milestone on August 2, 2018, when its share price and outstanding share count produced a valuation of approximately one trillion U.S. dollars. Saudi Aramco later became the first company from outside the United States to reach that level.
Market capitalization is calculated by multiplying a company’s share price by its shares outstanding. It is different from revenue, profit, or the value of a company’s physical assets. Apple’s milestone reflected investor expectations about the iPhone, services, and its broader technology ecosystem.
Apple later passed additional valuation milestones, including $2 trillion in 2020 and $3 trillion in 2022. The company was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in 1976.