Apple makes the iPhone and became the first public company valued at $3 trillion.
The iPhone, introduced in 2007, became Apple’s most recognizable product and a major source of revenue. Its ecosystem also supports sales of accessories, apps, subscriptions, and services, helping Apple build a large and recurring business beyond the handset itself.
Apple first crossed the $3 trillion market-capitalization mark during intraday trading in January 2022. The milestone depended on the share price and the number of shares outstanding, so the valuation could move above or below the threshold as the market changed.
The record is sometimes confused with Apple’s financial results. A $3 trillion market cap does not mean Apple had $3 trillion in cash or annual revenue. It means investors collectively valued its outstanding equity at approximately that amount at the relevant share price.