Apple owns the iPhone, the product that helped make it a long-term market-cap leader.
Apple introduced the first iPhone on January 9, 2007, and released it in the United States on June 29 of that year. The device combined a mobile phone, an iPod-style music player, and internet functions with a large multitouch screen.
The iPhone became the center of Apple's services and hardware ecosystem. Later models added features such as the App Store, Face ID, advanced cameras, and 5G connectivity. Apple also sells Mac computers, iPad tablets, Apple Watch devices, and subscription services.
Market capitalization means a company's share price multiplied by its outstanding shares. It is not the same as annual revenue or cash on hand. Apple's market value has repeatedly ranked among the world's highest, but its exact position changes with share prices and the comparison date.