What market capitalization did Apple first reach in August 2020?

Apple first reached a market capitalization of $2 trillion in August 2020.

The milestone occurred on August 19, 2020, when Apple's share price rose enough for the company's outstanding shares to be valued at approximately $2 trillion. Apple became the first U.S. company to reach that valuation, two years after it became the first U.S. company to reach $1 trillion.

Market capitalization is calculated by multiplying a company's share price by its number of outstanding shares. It is not the same as annual revenue, cash holdings, or the total value of every asset on Apple's balance sheet.

Apple's valuation later moved above $3 trillion and, in 2024, briefly above $4 trillion during intraday trading. Those later milestones do not change the significance of the 2020 event: $2 trillion was Apple's first entry into that valuation level and a major marker in the growth of mega-cap technology companies.