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Apple hits $5 trillion market cap and plans new AI-powered smart home devices.

Market News
28 Jul 2026
PYMNTS
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Neutral
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Apple has become the second company ever to reach a $5 trillion market capitalization. The tech giant is also preparing to enter the smart home market more aggressively with new products centered around its Siri AI assistant, including a hub device, a TV set-top box, and a refreshed HomePod mini expected between late 2026 and early 2027. These moves aim to compete with Amazon and Google in the evolving AI-driven smart home space. Despite past modest sales in home products, Apple is leveraging its AI advancements to boost its presence in this sector.

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