Apple became the first publicly traded US company to reach a US$2 trillion market value in August 2020.
Apple passed the milestone on August 19, 2020, roughly two years after becoming the first US company to reach US$1 trillion. The rise reflected investor confidence in the iPhone ecosystem, recurring services revenue, and Apple’s ability to generate substantial cash flow.
Market value depends on both the share price and the number of shares outstanding. Apple’s stock split in August 2020 did not change the company’s total market capitalization; it divided each existing share into four shares, lowering the per-share price proportionally.
Saudi Aramco had briefly reached a US$2 trillion valuation after its 2019 listing, but Apple is the company generally credited with the first US-public-company milestone at that level.