Apple has become the second publicly traded company to close a trading session with a market capitalization above $5 trillion. Its shares finished October 14 at $342.96, giving the company a market value of about $5.005 trillion. NVIDIA is the only other company to have closed above the threshold, with a market capitalization of roughly $5.33 trillion.
The distinction between reaching the level during trading and holding it through the close is significant. Apple first crossed $5 trillion intraday on July 28, 2026, but did not finish that session above the mark. Market capitalization reflects a company’s share price multiplied by its outstanding shares, rather than cash held by the business.
The milestone arrives a little more than a month after John Ternus succeeded Tim Cook as Apple CEO. Apple’s climb has coincided with its latest iPhone launches and investor expectations around its first foldable device, although reports have also pointed to possible production-order cuts. Preorders for the iPhone Duo are set to begin on October 16, providing the next indication of demand for Apple’s smartphone lineup.
Apple took just over eight years to move from its first $1 trillion valuation to the $5 trillion threshold. Its major valuation milestones show why intraday records and closing values are tracked separately.
- 2018 — $1 trillion: Apple first reached the level on August 2, becoming the first publicly traded US company valued at $1 trillion.
- 2020 — $2 trillion: The company first reached $2 trillion on August 19.
- 2022/2023 — $3 trillion: Apple first touched $3 trillion on January 3, 2022, then recorded its first close above that level on June 30, 2023.
- 2025 — $4 trillion: Apple first reached $4 trillion on October 28.
- 2026 — $5 trillion: Apple first touched $5 trillion on July 28 and recorded its first close above the mark on October 14.
