Apple is once again the most valuable company in the world. On Friday, as the iPhone Duo went on sale worldwide, Apple stock traded above $351 per share, an intraday record for the company, giving it a market capitalization of around $5.12 trillion, according to 9to5Mac. Nvidia, which had held the top spot, now follows Apple, with Google in third.
The timing is no accident. The iPhone Duo is Apple's first foldable iPhone, priced at $2000, and its launch day drew crowds to Apple Stores around the world. Wall Street's reaction came on the same day that early buyers lined up in Chicago, Las Vegas and New York.
Apple market cap and iPhone Duo numbers
Apple passed Nvidia on market capitalization, not on revenue or profit, but the milestone still matters for how investors see the company's next product cycle. The $5.12 trillion valuation makes Apple the largest publicly listed company in the world again.
The iPhone Duo sits at the center of that story. At $2000 it is the most expensive iPhone ever sold, and it is also the first with a folding design. Apple has framed the launch as a new category for the company rather than a simple upgrade.
- Apple stock: above $351 per share, a new intraday trading record
- Market cap: around $5.12 trillion, the highest of any company
- Ranking: Apple first, Nvidia second, Google third
- Launch date: Friday, October 23



