Apple became the first public company to close above a $2 trillion market capitalization.
Apple reached the milestone at the close of trading on August 19, 2020. Its share price had risen strongly during a period when investors were focused on the company’s hardware ecosystem, recurring services revenue, and resilience during the COVID-19 pandemic.
The closing-price detail matters: intraday market values can briefly cross a threshold, while a closing milestone is measured using the final official share price of the trading session. Apple had previously become the first company to reach a $1 trillion valuation in 2018.
Apple’s market value is not the same as its annual sales. Market capitalization represents what investors collectively value its publicly traded equity at that moment, and it changes whenever the share price moves.