Apple Joins $5 Trillion Club and Launches Smart Home Push

Apple is reportedly preparing a major push into the smart home product/software market. That’s according to a Tuesday (July 28) report from Bloomberg News, which also noted — in a separate article — a key milestone for the iPhone maker: it is now the second company ever whose market capitalization has reached $5 trillion . Apple plans to launch this effort soon with a hub device designed around the new Siri AI assistant, the report said, citing sources with knowledge of the matter.