Apple became the first publicly traded company to exceed a $2 trillion valuation in August 2020.
Apple passed the $2 trillion market-capitalization mark on August 19, 2020. The milestone followed years of growth in iPhone sales, services, wearable devices, and investor confidence in the company’s ecosystem.
The achievement came only about two years after Apple became the first public company to reach $1 trillion. Its progress illustrates how market capitalization can rise through both higher share prices and changes in the number of shares outstanding.
This milestone should not be confused with Apple’s first trillion-dollar achievement or with the largest company by revenue. Market capitalization measures equity value in the stock market, while revenue measures sales during a period. Those rankings can differ substantially.