iPhone 18 Pro demand takes Apple to a $5 trillion market valuation

Apple has briefly touched the $5 trillion valuation mark before, but its seemingly unstoppable rise has now taken it back up there again on the back of strong iPhone demand. Apple stocks closed at a new record high Back in October 2025, Apple closed at over $4 trillion for the first time, and then on July 28, 2026, it crossed the $5 trillion mark. It wasn't very long before it dipped back under that to be a paltry $4 trillion and change, but now it's back.