Apple was the first US business to close above a US$2 trillion market capitalization, finishing the trading session above that level on August 19, 2020.
Its share price gained enough during the session to place the company beyond the threshold at the closing bell. Apple’s valuation was supported by the iPhone, Mac, iPad, wearables, and a rapidly expanding services segment that included the App Store and subscriptions.
The close is distinct from an intraday crossing. Apple had reached the US$2 trillion level during trading on the same day, then ended the session above it, making the record especially clear.
A company’s market cap is not a fixed balance-sheet item. It changes with the stock price and can rise or fall even when the number of outstanding shares changes only slightly.