Apple became the first publicly traded U.S. company valued above $700 billion in 2015.
Apple crossed the $700 billion market-cap milestone in February 2015 after a strong rise in its share price. The valuation was approximately twice the size of the next-largest U.S. company at the time, according to contemporary market reports.
The milestone followed the launch of the iPhone 6 and iPhone 6 Plus in 2014, which helped drive record sales. Apple was also expanding its services and preparing products such as the Apple Watch, introduced in 2015.
This historical figure is different from Apple’s later trillion-dollar milestones. Market capitalization depends on both the share price and the number of shares outstanding, so the dollar value of an old record should not be compared directly with present-day rankings without considering share splits and inflation.