Apple is the company that launched the iPhone in 2007 and became the first public company to reach a $1 trillion market capitalization.
Steve Jobs introduced the original iPhone on January 9, 2007, describing it as a combination of a widescreen iPod, a mobile phone, and an internet communicator. It went on sale in the United States on June 29, 2007, and changed the competitive landscape for smartphones.
Apple crossed the $1 trillion market-capitalization threshold during trading on August 2, 2018. Market capitalization is calculated by multiplying a company’s share price by its shares outstanding, so the figure changes with the market and is distinct from revenue or profit.
The iPhone was not Apple’s first major product: the company had already built important businesses around the Macintosh, iPod, and related software. Apple’s later services and wearables businesses further diversified its revenue.