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

That's... a lot of zeroes!
 By 
Sasha Lekach
 on 
Apple is the first U.S. company to be worth $2 trillion

All those iPhones add up to 12 zeroes.

Apple's market value keeps inching up and up, and now, nearly six months into the pandemic, it's worth $2 trillion. That's $2,000,000,000,000.

Apple is the first publicly-traded U.S. company to hit that high of a valuation, followed closely by Microsoft and Amazon. Notice it's all tech companies hitting or nearing record-breaking valuations, mostly because these digital-first companies have taken advantage of the recent shift to remote work and learning. Microsoft is currently valued at about $1.63 trillion, while Amazon is at $1.65 trillion based on YCharts data. Just last month, analysts predicted the e-commerce giant would hit the $2 trillion milestone soon.

All this tech growth is directly connected to the pandemic. Apple's second trillion came in the past 21 weeks as the ongoing spread of the coronavirus changed the course of the economy and purchasing behavior, the New York Times reported. Apple first hit $1 trillion in 2018, but as recently as mid-March, the impact of COVID-19 sent Apple's shares tumbling below that trillion-dollar mark. However, it quickly recovered within a few months.

Apple's two-trillion-dollar valuation comes after two years of product updates to its iPhones, laptops, smartwatches, and other computers and devices. But in that time period, Apple didn't introduce any innovative products aside from new services like its streaming platform, Apple TV+, which launched in November 2019.

It's not just outside stockholders raking it in as the top tech companies increase in value mid-pandemic. Apple's own executives are seeing a financial windfall, too. Last week, Apple's CEO Tim Cook became a billionaire as his company holdings soared.

Topics Apple iPhone

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Sasha Lekach

Sasha is a news writer at Mashable's San Francisco office. She's an SF native who went to UC Davis and later received her master's from the UC Berkeley Graduate School of Journalism. She's been reporting out of her hometown over the years at Bay City News (news wire), SFGate (the San Francisco Chronicle website), and even made it out of California to write for the Chicago Tribune. She's been described as a bookworm and a gym rat.

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