Apple became the world’s first $1 trillion company by market capitalization in 2018.
Apple reached that milestone on August 2, 2018, when its shares rose enough to value the company at approximately $1 trillion. Market capitalization is calculated by multiplying a company’s share price by its total outstanding shares, so the figure changes with the stock market.
The company was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in 1976. Its best-known products include the Macintosh, iPod, iPhone, iPad, and Apple Watch. The iPhone, introduced in 2007, became a major driver of Apple’s growth and reshaped the smartphone industry.
Apple’s $1 trillion milestone is sometimes confused with revenue or cash holdings. It referred specifically to the market value of its publicly traded equity. Other major companies later passed the same threshold, including Microsoft, Amazon, Alphabet, and Saudi Aramco.