Apple Becomes the First Company to Reach $2 Trillion, Doubling Its Value in Just 2 Years It took the tech giant 42 years to reach a $1 trillion valuation, and just two to double that number.

By Matthew McCreary

SOPA Images | Getty Images

Apple became the first U.S. company to reach a $2 trillion valuation on Wednesday. What's more stunning than the sheer enormity of the number, though, is how the tech company did it: While Apple first reached $1 trillion in August 2018, its valuation had been relatively stagnant until recently. According to The New York Times, Apple's value was under $1 trillion as recently as mid-March, when the stock market fell due to coronavirus concerns.

Since then, however, Apple, Microsoft, Amazon, Alphabet and Facebook have grown by close to a combined $3 trillion due to a flood of new investors, even while the global economy has shrunk at an alarming rate.

What's more, Apple has grown despite maintaining the status quo in many of its product offerings, which recently have included the Apple Watch Series 5, the AirPods Pro and the iPhone 11 Pro Max. While the tech giant has now entered the streaming world with Apple TV, it also draws revenue from the developers who use its App Store— as much as 30 percent, which led to a recent dispute with Fortnite creator Epic Games.

Apple is now the most valuable company in the world, surpassing Saudi Aramco, Saudi Arabia's state-owned oil company. But Microsoft, Amazon and Alphabet may be the candidates to reach the $2 trillion mark next.

Matthew McCreary

Entrepreneur Staff

Associate Editor, Contributed Content

Matthew McCreary is the associate editor for contributed content at Entrepreneur.com.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Social Media

How To Start a Youtube Channel: Step-by-Step Guide

YouTube can be a valuable way to grow your audience. If you're ready to create content, read more about starting a business YouTube Channel.

Leadership

The Core Traits of Effective Leaders — Here's What Every Manager Should Strive For

A team is only as great as its leader. Discover the core traits of effective leaders that you should be striving for.

Franchise

This Travel Franchise Turns Your Passion for Vacations Into a Money-Making Opportunity

Whether you're working from home, traveling or connecting with clients at their convenience, this franchise adapts to your lifestyle.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Leadership

Why Do Employees Resist New Ideas? How to Spot Hostility Towards Change (and Overcome It)

Say the word change, and people will go running for cover. If you pay attention, you can spot resistance to change and take three simple steps to get ahead of it.