Summary
Apple briefly surpassed Nvidia to become the world’s most valuable company again, reaching a market value of around $4.94 trillion during trading today. This recovery comes after Apple’s stock experienced a small drop due to recent price increases for Macs and iPads, which were impacted by ongoing global shortages of RAM memory. The news also coincides with an upcoming change in leadership: John Ternus, currently head of hardware, will take over as CEO from Tim Cook in September.
Apple is once again the world’s most valuable company, surpassing Nvidia. Its stock price rose by $17 a share in one week, bringing its value to around $4.94 trillion. This increase puts Apple on track to potentially become only the second company ever to be valued at over $5 trillion – Nvidia was the first.
The company’s stock is currently performing very well, showing a strong recovery after some initial doubt from investors. Prices had briefly fallen earlier this month when prices for products like Macs and iPads went up. Company leaders explained these increases were due to higher costs for parts, especially RAM chips, which are in short supply worldwide. However, investors quickly accepted the price changes and shares have since reached all-time highs.
Apple’s current high market value marks a successful ending to Tim Cook’s time as CEO. The company had already revealed plans for Cook to become executive chairman on September 1st. Cook took over in 2011 and led the company through significant expansion, increasing its value from $350 billion and launching popular products like the Apple Watch and AirPods. As chairman, he’ll shift his focus from day-to-day management to working with leaders and governments around the world.
John Ternus, currently Senior Vice President of Hardware Engineering, will become Apple’s new CEO next month. He first joined the company in 2001 and was a key contributor to the development of many iPhone and Mac models. As he takes on this role, he’ll be leading a company with over 2.5 billion active devices used around the world.
2026-07-28 09:56