Apple overtakes Nvidia in market value on iPhone Duo launch day
Apple reclaimed the world’s highest market capitalization on Friday as its shares rose above $351. The company was valued at about $5.12 trillion on the launch day of its $2,000 foldable iPhone Duo.
Apple reclaimed the world’s top position by market capitalization on Friday, the global launch day for the iPhone Duo. The company moved ahead of Nvidia as its share price reached new highs.
Apple stock traded above $351 per share, setting a new intraday record for the company. Its market capitalization was about $5.12 trillion.
Nvidia falls behind Apple
Nvidia had previously held the highest market capitalization. Google was listed behind Apple and Nvidia.
Foldable iPhone Duo launches
Apple also released the iPhone Duo on Friday. The foldable iPhone is priced at $2,000, and its launch coincided with Apple’s return to the top of the global market-capitalization ranking.
What we know
- Apple regained the world’s top position by market capitalization.
- Its shares rose above $351, setting a new intraday record.
- Apple’s market value reached about $5.12 trillion.
- The company launched its $2,000 foldable iPhone Duo on the same day.
Trust: Single source
- The story relies on one publisher. A second independent confirmation has not been established from the cited sources.
- Sources: 9to5Mac.
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