Apple was the first publicly traded firm to reach a US$1 trillion market capitalization in 2018, before Amazon.
Apple passed the landmark on August 2, 2018, when its share price rose enough for the value of all outstanding shares to exceed one trillion dollars. Amazon reached the same broad milestone later in 2018.
Apple’s rise was built around the iPhone, which had become a global consumer product since its 2007 launch. Revenue from services, accessories, Macs, and other products also helped investors see Apple as more than a single-product company.
The distinction is sometimes blurred because several large technology firms reached trillion-dollar valuations close together. The ordering matters: Apple crossed first, followed by Amazon and then other major companies.