Apple was the first company to reach a $2 trillion market capitalization during the 2020s.
Apple crossed the mark in August 2020, two years after it became the first U.S. company to reach $1 trillion. The higher valuation reflected both a rising share price and the enormous number of shares representing ownership in the company.
Apple’s business had expanded beyond the iPhone by this point. Services such as the App Store, Apple Music, and iCloud contributed recurring revenue, while the Apple Watch and AirPods strengthened its hardware ecosystem.
Saudi Aramco’s 2019 public listing attracted attention because its valuation approached $2 trillion, but Apple is credited with being the first company to cross the threshold. Such comparisons can vary depending on whether reports use intraday or closing prices.