Line chart showing Apple's market value from January 2005 to June 13, 2023. When the iPhone debuted in June 2007, the company was valued at around $104 billion, rising to $351 billion by the time Steve Jobs died in October 2011. Its valuation rose to $1.4 trillion in February 2020, when it warned of a COVID-related earnings dive. However, the company's market value continued rising sharply, and it reached a record $35 billion quarterly profit in December 2021. As of June 2023, Apple has a market value of just under $3 trillion.