IT Home, October 15: Apple's market capitalization closed above $5 trillion for the first time yesterday (October 14) (IT Home note: approximately RMB 33.53 trillion at current exchange rates), becoming the second company globally to reach this milestone after NVIDIA.
IT Home previously reported that on July 28, 2026, during intraday trading, Apple's stock price briefly rose to $342.89 (approximately RMB 2,299 at current exchange rates), pushing its market capitalization above $5 trillion (peaking at approximately $5.036 trillion)—the first time in its history that Apple reached a $5 trillion market cap intraday. However, by the close of trading that day, the stock price had declined to $340.08 (approximately RMB 2,280 at current exchange rates), bringing the closing market capitalization back below $5 trillion.
This marks the first time after closing that it has surpassed $5 trillion (approximately RMB 3.353 trillion at current exchange rates), with a current market capitalization of $5.01 trillion (approximately RMB 3.359 trillion at current exchange rates). The stock price rose to $342.96 (approximately RMB 2,300 at current exchange rates), up 0.5% for the day. Additionally, the after-hours price is $344.48 (approximately RMB 2,310 at current exchange rates), up 0.44%.
This milestone occurred on a trading day marked by widespread declines in tech stocks. Oracle fell 8.83%, Meta dropped 3.27%, NVIDIA declined 3.16%, while Microsoft, Amazon, and Google fell 1.8%, 1.74%, and 1.68% respectively; Apple was the exception, closing higher.
Apple will release its fourth quarter fiscal year 2026 earnings report on November 2. The report will disclose how the company is addressing the impact of rising component costs and recent hardware price increases. Since John Ternus assumed the role of CEO on September 1, Apple’s stock has risen approximately 5%; calculated from the closing price of $316.85 on August 31 (approximately RMB 2,124 at current exchange rates), the increase is 8.2%.