31 July 2026 at 9:33 pm
Summary
Apple briefly surpassed a $5 trillion market value, becoming the second company to reach this milestone, driven by strong iPhone demand and services growth. Despite being slower in AI development compared to peers, investors view Apple as well-positioned to monetize AI through its ecosystem without incurring high infrastructure costs. The company reported record Q3 2026 revenue but faces supply constraints, and Tim Cook announced his departure as CEO, with John Ternus taking over.
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Apple Warns of Memory Chip Shortage for Key Devices, Seeks Alternative Suppliers
31 Jul 2026, 5:39 pm · Business
Apple Posts Record June Quarter, Cautions on Future Supply Constraints
31 Jul 2026, 5:35 pm · Business
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