Apple becomes first U.S. company worth $2 trillion

Apple on Wednesday became the first U.S. company to reach a $2 trillion valuation, AP reports.

The state of play: It comes only two years after it became the first to reach $1 trillion. Apple shares are up 60% this year despite factory shutdowns in China and slowed retail sales during the coronavirus pandemic, but its customer base remains fiercely loyal, allowing the company to drive major earnings.