Apple Just Closed Above $2 Trillion for the First Time

Shares of iPhone maker Apple rose on Thursday to push the company’s market cap to over $2 trillion at the market close. This was a first for the company and came a day after it hit $2 trillion.

On Wednesday Apple had become the first publicly traded U.S. company to reach a $2 trillion market cap. The company was also the first publicly traded U.S. company to reach a $1 trillion market cap.

It was this past July that the tech giant posted a strong third quarter in late July, including $59.7 billion in revenue and double-digit growth in its products and services. While the company experienced widespread retail closures during the quarter, especially in the United States, work-from-home trends and strong online sales boosted overall operations.

Apple also accidentally leaked a surprise new iPhone 12 release this week that was caught by 9to5Mac readers. Reportedly Apple briefly posted a test feed on its official YouTube account for a live event to be held on September 10. This is the same date as the iPhone 11 launch last year, and it fits in perfectly with other previous iPhone launch dates.

Shares of Apple have gained 60% this year and has been trading at an all-time high. The company is expected to see its stock split four-for-one at the end of the month which will cut shares to around $118.

Disclaimer: We have no position in Apple Inc. (NASDAQ: AAPL) and have not been compensated for this article.