Apple's market capitalization closed above $5.01 trillion for the first time in the company's history at the end of trading on the Nasdaq, making the U.S. corporation only the second company ever, after Nvidia, to reach that level, according to infohub.kz.
The company's shares had been flirting with the record mark since the summer of 2026. Apple first pushed past $5 trillion during intraday trading on July 28, 2026, but failed to hold that level by the closing bell.
According to public data, Apple's market value has topped $5 trillion during a trading session six times since then, but it only managed to settle above the new threshold in mid-autumn.
The rally can be traced to a presentation by John Ternus, who replaced Tim Cook as Apple's chief executive in September.
He unveiled HomeView, the company's first-ever smart home hub — a control center for household devices with a seven-inch screen. Apple also announced it will release a video doorbell, cameras, a thermostat and a smart lock priced between $199 and $399 in time for the holidays.
With the lineup, the company is making a serious push into the smart home market, an entirely new segment for Apple where Amazon and Alphabet have long held the lead.
According to CompaniesMarkerCap, Apple now ranks second in the world by market capitalization. Nvidia holds first place and the title of the most valuable company in Earth's history at $5.34 trillion — roughly 4.51% of global GDP, according to World Bank data. Alphabet (Google) rounds out the top three at $4.2 trillion.