Apple Inc became the first publicly traded company in the U.S. with a stock market valuation of $2 trillion on Wednesday, as Wall Street investors set aside risks to their iPhone ecosystem in favor of bets it will only thrive further in the post-coronavirus era.

Since blowout quarterly results in July that saw the iPhone maker eclipse Saudi Aramco as the most valuable listed company in the world, the company's shares have risen to around 57 percent in value by 2020.

The movements reflect increasing consumer trust in Apple's shift towards relying less on sales of iPhones and other devices and more on user services, as well as a broad change from the coronavirus crisis by big institutional investors.

Including Amazon , Microsoft and the owner of Google Alphabet-all worth about $1 trillion or more now-the big US tech companies are worth more than $6 trillion together.

Cupertino, California-based Apple shocked Wall Street when it was able to get loyal customers to purchase iPhones , iPads and Macs online even as many brick-and - mortar stores stayed closed due to the coronavirus lockdowns.

In the quarter of June, Apple's revenue increased in all segments and all of its geographic regions, even as the coronavirus crisis caused the US economy to crash at its worst rate since the Great Depression of the 1920s.

Launched in co-founder Steve Jobs' garage in 1976, Apple has moved its sales past Portugal, Peru and other countries ' economic production.

Shares of Apple grew on Wednesday as much as 1.4 per cent to $468.63 per share.

SOURCE: Reuters news agency