Apple's market capitalization reached $2 trillion

Apple Inc. became the first publicly traded U.S. company to reach a market capitalization of $2 trillion during intraday trading. The milestone was reached shortly after 11 a.m. Eastern Time as Apple’s share price rose to approximately $467.77, the level required for the company’s valuation to cross the $2 trillion threshold. During the same trading session, the stock climbed to an intraday high of $468.65 before later pulling back. By the closing bell, Apple shares finished the day at $462.83, leaving the company’s market capitalization slightly below the $2 trillion level at about $1.999 trillion. Despite closing just under the mark, the intraday valuation represented the first time a U.S. publicly traded company had crossed $2 trillion. Apple had previously become the first U.S. company to reach a $1 trillion market capitalization on 02/08/2018. The milestone followed a period of strong financial performance and rising investor demand for large technology companies. Apple’s share price had increased significantly in 2020, supported by services revenue growth, iPhone sales, and demand for devices used for remote work and learning. The company also completed a four for one stock split later in August 2020, which adjusted the share price while maintaining overall market value.