Apple was the world’s most valuable public company at the end of 2023, with a market capitalization above $2.9 trillion.
Apple finished 2023 at the top of global market-cap rankings after its shares gained during the year. Its valuation reflected the scale and profitability of the iPhone, the growing Services segment, and investor expectations about future products and ecosystems.
Market-cap rankings are snapshots rather than permanent titles. Apple and Microsoft traded places near the top during several periods, because relatively small percentage changes in companies worth trillions of dollars can change the order.
Apple’s 2023 valuation should not be confused with its earlier milestones. The company became the first to reach $1 trillion during intraday trading in 2018 and later became the first to close a trading day above $2 trillion in 2020. Those are separate records from a year-end ranking.