7/105 sources · 4 publishersUpdated Oct 23, 17:53 UTC
Apple overtakes Nvidia as world’s most valuable company after iPhone Duo launch
Apple’s shares surged on Friday as the foldable iPhone Duo hit stores worldwide, pushing the company’s market value above Nvidia’s for the first time. The new device is priced at $1,999 and pre‑orders are reported as exceptionally strong. Apple’s stock reached a record high of about $351.73, while Nvidia’s shares slipped modestly.
Why it matters
The shift makes Apple the largest component of major market indexes, potentially increasing its weighting and attracting index‑fund inflows, while Nvidia loses its top‑spot status.
Key facts
- 1Apple’s iPhone Duo is priced at $1,999. finance.yahoo.com
- 2Morgan Stanley estimates production of roughly 6.5 million Duo units in the second half of 2026. finance.yahoo.com
- 3Apple’s stock hit a record high of about $351.73. finance.yahoo.com
- 4Nvidia’s shares fell modestly on the day. macobserver.com
Open questions
- Market‑cap figures differ across sources: $5.11 trillion, $5.12 trillion, $5.13 trillion, $5.101 trillion.
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.