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.
