Apple was the first company to surpass US$1 trillion in market capitalization in intraday trading.
Apple crossed the threshold on August 2, 2018, during trading on the Nasdaq. The milestone followed a strong quarterly earnings report and a share-price rise that pushed the company’s total market value above US$1 trillion.
The achievement was especially notable because Apple had started as a personal-computer company and had later transformed its business through the iPod, iPhone, iPad, and a growing services division. The iPhone was the central driver of its modern expansion, while services provided additional recurring revenue.
The word “intraday” matters: the share price briefly moved above the level during the trading day. Market capitalization is not a fixed valuation, and Apple’s value has continued to fluctuate with its share price and the number of shares outstanding.