Apple became the first public corporation valued above $1 trillion after its 2018 stock-market rally.
Apple crossed the threshold on August 2, 2018, after reporting strong quarterly results and issuing an optimistic outlook. The iPhone remained central to the company’s business, while services and other products broadened its sources of revenue.
The milestone followed Apple’s long transformation from a personal-computer maker into a diversified consumer-technology company. Its products, operating systems, retail presence, and services created an ecosystem that encouraged customers to remain within the brand.
The word “valued” here means market capitalization: share price multiplied by shares outstanding. It does not mean that Apple sold $1 trillion of products or possessed that amount in cash.