Image: Jason Ralston

Apple has become the first US company to be valued at $2 trillion (£1.5 trillion), two years after it became the first to reach $1tn.

The tech giant's share price rose to $467.77 on Wednesday, pushing it over the $2tn landmark.

It isn't the first company to reach the milestone, however. State-backed Saudi Aramco was valued at $2tn when it listed on the stock market in December but it has since slipped back to $1.8tn. Apple returned to top spot as the world's most valuable company at the end of July.

Despite the Covid-19 pandemic forcing Apple to close stores and its links with China causing political unrest, it has seen its share price jump more than 50% this year. And since hitting a low point in March at the start of the pandemic, its share price has doubled.

It comes as Apple posted revenues of $59.7 billion and double-digit growth for its products and services segments for the three months to the end of July.

Speaking to the BBC, Paolo Pescatore, a tech analyst a PP Foresight, said: "The last few months have underlined the importance of users and households alike to own better quality devices, connections and services and with Apple's strong broad portfolio of devices and a growing services offering, there are plentiful opportunities for future growth."