Apple became the first United States company to reach a $2 trillion market capitalization.
Apple crossed the $2 trillion mark on August 19, 2020, as its shares continued a rapid rise during the COVID-19 pandemic. The company had already been the first public company anywhere to reach $1 trillion, in 2018.
The valuation reflected investor confidence in Apple’s hardware, software, and services ecosystem. The company’s results were supported by the iPhone, Mac, iPad, wearables, and services such as the App Store and Apple Music. Its large installed base also encouraged recurring purchases and subscriptions.
Saudi Aramco had reached approximately $2 trillion earlier, in 2019, so Apple was not the first company worldwide to do so. The distinction is specifically that Apple was the first US company to cross the level.