Apple became the first public company valued at more than $1 trillion in August 2018.
Apple crossed the milestone on August 2, 2018, when its share price rose enough to place its market capitalization above $1 trillion. Market capitalization is calculated by multiplying the company’s share price by its number of outstanding shares, so the figure reflects investor valuation rather than cash held by the business.
The company was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in 1976. Its products include the Macintosh, iPod, iPhone, iPad, Apple Watch, and services such as the App Store.
Apple is sometimes confused with Microsoft or Amazon in discussions of trillion-dollar companies because both later crossed the same threshold. Apple’s earlier corporate name was Apple Computer, Inc.; it changed to Apple Inc. in 2007, a fact separate from the 2018 valuation milestone.