Apple’s market capitalization exceeded $1 trillion in 2018, making it the first U.S. company to do so.
The milestone occurred on August 2, 2018, when Apple shares rose above the price needed for the company’s outstanding shares to be valued at more than $1 trillion. Apple had already become one of the world’s most profitable and widely held corporations by that point.
Its transformation began with the Macintosh in 1984 but accelerated dramatically after the iPod, iPhone, and App Store. The iPhone, launched in 2007, became the company’s dominant product and created a platform for accessories, applications, subscriptions, and services.
Amazon reached the trillion-dollar level the following month. Microsoft and Alphabet also joined the group later. The “first U.S. company” description refers to publicly traded American corporations measured in nominal U.S. dollars; exchange rates, share counts, and market prices can affect how such records are reported.