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Apple Market Value Tops $5 Trillion Following New Smart-Home Device Launch
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CNBC TV18•14-10-2026, 23:40
Apple Market Value Tops $5 Trillion Following New Smart-Home Device Launch
- •Apple's market value crossed the $5 trillion threshold on Wednesday with shares trading at $344.61.
- •The milestone follows the unveiling of the new HomeView smart-home hub in New York, which personalizes Siri using iPhone data while prioritizing user privacy.
- •The launch serves as a crucial test for Apple's artificial intelligence strategy as it competes with Amazon and Google in the smart-home sector.
- •Apple reported strong fiscal third-quarter revenue of $109.42 billion, marking a 16.4% increase from the previous year with robust growth across iPhone, Mac, and services.
Key Questions Answered
Apple's market value crossed $5 trillion after its shares traded at $344.61 following the unveiling of its new HomeView smart-home hub.
The HomeView hub is priced at $299, and preorders have already opened following its October 13 announcement, with official sales scheduled to begin on November 13.
The HomeView device incorporates privacy safeguards specifically designed to prevent Apple from accessing personal user information derived from their iPhones.
