Apple Hits $5 Trillion Valuation as CEO Cook Warns of Worsening Supply Constraints

Apple briefly surpassed a $5 trillion market cap on July 28, 2026, becoming the second company ever to reach that milestone. Two days later, its Q3 2026 SEC filing showed inventory nearly doubled to $11.1 billion from $5.7 billion the prior September. CEO Tim Cook cited "very significant constraints" with "limited flexibility" and forecast impacts to "increase significantly sequentially."