Apple Nears $5 Trillion Market Cap Milestone Amid Foldable iPhone Duo Hype
Apple is on track to close above a $5 trillion market cap for the first time in its history, according to Dow Jones Market Data. The stock was rising by 1.2% to $342.96 as of Tuesday, putting the market capitalization at just over $5 trillion. This milestone has been reached before during regular trading hours, but not yet closed out.
The only other company to reach this level is Nvidia, which achieved it on October 29, 2025. Apple's recent success can be attributed to its conservative spending approach compared to its peers in the tech industry. This strategy has made it an attractive option for investors seeking stability during times of market volatility.
New CEO John Ternus and the company's latest innovations, such as the foldable iPhone Duo, are also contributing factors to Apple's upward trend. The Duo starts at $1,999, making it the most expensive iPhone yet. Analysts like Wamsi Mohan from BofA Securities remain optimistic about the upcoming iPhone cycle, expecting higher average selling prices and increased demand for the new devices.