Apple (AAPL) hit a record high on Friday, with its market capitalization reaching $5.11 trillion, edging past Nvidia's $5.09 trillion to become the world's most valuable publicly traded company, according to Google Finance. The rally coincided with the launch of the $1,999 iPhone Duo, its first foldable iPhone, where pre-orders exceeded initial supply, estimated delivery dates stretched into late January, and buyers were limited to two devices each. Morgan Stanley's supply-chain checks point to about 6.5 million Duo units in the second half of the year, while IDC expects Apple to capture 44% of global foldable smartphone market value in 2026. iPhone sales made up $54.25 billion of the $109.42 billion in fiscal Q3 revenue, and Q4 results due on November 2 will not include Duo sales. Apple shares are up more than 29% year-to-date.
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Related tickers and likely impact
AAPL
▲ Likely positiveApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.0T |
| Close on 10/22/2026 | 348.32 |
| Change that session | +1.26% |
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/22/2026 | 212.28 |
| Change that session | -4.36% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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