First record broken under new Apple CEO: Apple surpasses $5 trillion in value
Continuing its growth alongside Nvidia, Apple became the second company to surpass a market value of $5 trillion at stock close. The first record under CEO John Ternus, who replaced Tim Cook, has been broken.
Apple, one of the fastest-growing companies in the technology world, maintains its place at the top alongside Nvidia. On the Apple front, there was a recent change of CEO, and new products and operating systems were introduced. All of these also showed their impact on the stock market.
Apple completed the stock market close on October 14, 2026, with a market valuation of $5.005 trillion, becoming the second company to close above this level. The company's share price closed the day at $342.96.
According to a report by The Wall Street Journal, Apple's market value had previously crossed $5 trillion six times during intraday trading. However, the company managed to stay above this level at the market close for the first time.
Milestones in Company Valuation and Competition with Nvidia
Nvidia continues to hold the title of the world's most valuable company with a market value of $5.33 trillion. On the other hand, Apple had briefly overtaken Nvidia to claim first place in July 2026.
The new valuation came a little over a month after John Ternus took over the role of Apple CEO from Tim Cook. The record close was also recorded two days before iPhone Duo pre-orders were set to begin.
| Company | Market Value | Closing Status |
|---|---|---|
| Nvidia | $5.33 Trillion | In the Lead Position |
| Apple | $5.005 Trillion | First Close Above $5 Trillion (Stock: $342.96) |
Stock Market Fluctuations and New Product Announcements
Just before the record close, Apple shares had experienced a decline. According to a report by Nikkei Asia, the company cut October component orders for the iPhone 18 Pro by at least 15% due to weak demand, rising memory costs, and $100 price increases. Following this news, Apple shares lost over 2.5% in value on October 9, 2026.
On the product side, the company is going through a busy period. On October 13, 2026, Apple announced the HomeView smart home hub featuring a 7-inch Liquid Retina display and Siri artificial intelligence (AI). Greg Joswiak, Apple's Senior Vice President of Worldwide Marketing, explained that HomeView was designed to be shared by everyone in the home.
According to information reported by Mark Gurman from Bloomberg, alongside HomeView, the company is also preparing to introduce a new Apple TV 4K and HomePod mini 2 models.
According to the information in the sources, the most direct impact for consumers is seen in product prices and release dates. Pre-orders for users wanting to buy the iPhone Duo will open in two days. On the other hand, consumers considering buying the iPhone 18 Pro will face a $100 price increase stemming from memory costs.
This article was translated from Turkish. Read the original article in Turkish.
