Apple has reached a $5 trillion market capitalisation for the first time, coinciding with what CNBC reports will be CEO Tim Cook's final earnings call at the helm of the company.
Key facts
- Apple reached a $5 trillion market cap for the first time, according to CNBC.
- CNBC reports it is CEO Tim Cook's final earnings call at the helm.
- CNBC says Cook still has concerns to address on the call despite the record valuation.
Apple has reached a $5 trillion market capitalisation for the first time, according to CNBC, a milestone for the technology company.
The milestone coincides with what CNBC reports will be CEO Tim Cook’s final earnings call at the helm of Apple.
Despite the record market cap, CNBC notes that Cook still has concerns to address during the call. The source does not specify what those concerns are.
No further details about the circumstances of Cook’s final call were provided in the available reporting.
Why it matters
Apple is among the most valuable and widely held companies in the world, so a $5 trillion market cap is a notable financial milestone. The available source does not provide details beyond the market cap figure and the fact that this is Cook's final earnings call.
Frequently asked questions
What market cap did Apple reach?
According to CNBC, Apple hit a $5 trillion market capitalization for the first time.
Why is this earnings call notable?
CNBC reports it is Tim Cook's final earnings call as CEO at the helm of Apple, coinciding with the record valuation.