Apple was the first U.S. company to reach a $700 billion market capitalization, crossing the milestone in February 2015.
Apple’s valuation passed $700 billion as its share price rose following strong financial performance and investor enthusiasm surrounding the iPhone 6 and iPhone 6 Plus. The company had already become the first U.S. corporation to reach $500 billion and $600 billion in market value.
The milestone predates Apple’s later trillion-dollar records by several years. These thresholds are nominal market-cap figures, meaning they are not adjusted for inflation. They also depend on the number of shares outstanding, which can change when a company issues shares or repurchases them. Apple’s 2015 achievement reflected both its share price and its large equity base.