Apple Becomes Second Company to Close Above $5 Trillion
Apple ended the trading day with a $5.005 trillion market capitalization, becoming the second company after Nvidia to close above $5 trillion. Its shares closed at $342.96.
Apple ended the trading day with a market capitalization above $5 trillion, becoming the second company after Nvidia to close at that level.
Apple shares closed at $342.96, giving the company a market value of $5.005 trillion.
The Wall Street Journal reported that Apple had crossed $5 trillion six times during intraday trading before today, but this was the first time it remained above the threshold at the close.
Nvidia retains the top valuation
Apple briefly overtook Nvidia as the world’s most valuable company in July. Nvidia has since reclaimed the lead, with a market capitalization of $5.33 trillion.
Apple reached the new valuation just over a month after John Ternus replaced Tim Cook as chief executive. It also came two days before pre-orders for the iPhone Duo were scheduled to begin.
What we know
- Apple closed above a $5 trillion market capitalization for the first time.
- The company’s shares finished at $342.96.
- Nvidia remains the world’s most valuable company at $5.33 trillion.
- The milestone came two days before iPhone Duo pre-orders.
Trust: Single source
- The story relies on one publisher. A second independent confirmation has not been established from the cited sources.
- Sources: MacRumors.
COMMUNITY
Discussion
Sign in to join the discussion.
Loading comments…