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Apple Becomes 1st U.S. Company Valued At $2 Trillion

Apple became the first U.S. company to hit the $2 trillion value mark, thanks to the ongoing popularity of iPhones, iPads and other devices.
Posted at 4:14 PM, Aug 19, 2020

Apple is the first U.S. company to be worth $2 trillion.

It's now the most valuable company in the world. The tech leader recently passed oil giant Saudi Aramco's market value, which fell to about $1.82 trillion amid a drop in oil prices. 

What's more, Apple’s competitors Amazon and Microsoft are billions of dollars behind. Apple was also the first U.S. company to reach $1 trillion just two years ago.

Even though stocks plunged amid the coronavirus pandemic, Apple's stock has increased by about 60% this year. Customers have continued to buy iPhones, iPads and other devices online while stuck at home for work, school and entertainment. Apple recently reported blowout earnings for the April-June quarter.

The company has an upcoming four-for-one stock split at the end of this month.