NEW YORK, July 5, 2026, 12:05 EDT
- Apple Inc. NASDAQ:AAPL ended the last U.S. session up 4.84% at $308.63, logging an 8.76% gain for the shortened trading week.
- Shares jumped, adding around $210 billion in equity value in one session, well ahead of the rough sales figure from the first foldable iPhone order.
- U.S. exchanges stayed closed Friday because of Independence Day. Next week, traders will watch for Fed minutes and early Q2 results from Delta Air Lines NYSE:DAL and PepsiCo NASDAQ:PEP.
U.S. markets were closed Friday for Independence Day. Apple Inc. NASDAQ:AAPL wrapped the week with Thursday’s close at $308.63, up 4.84%. Reuters said Nikkei Asia reported Apple has plans for five new iPhone models. For the week, Apple rose 8.76%. That compares with a 2.1% gain in the Nasdaq Composite (INDEXNASDAQ:.IXIC).
| Last U.S. session / week | Close | Day move | Week move |
|---|---|---|---|
| Apple NASDAQ:AAPL | $308.63 | up 4.84% | up 8.76% for the week |
| Nasdaq Composite (INDEXNASDAQ:.IXIC) | 25,832.67 | dropped 0.80% | up 2.1% |
| S&P 500 (INDEXSP:.INX) | 7,483.24 | unchanged | gained 1.8% on the week |
| Dow Jones Industrial Average (INDEXDJX:.DJI) | 52,900.07 | added 1.14% | up 2.0% for the week |
The move was less about direction, more about how big it was. Apple’s latest rally tacked on around $210 billion in market cap in a single day. Nikkei Asia, via MacRumors, reported Apple asked suppliers to get ready for 10 million foldable iPhones this year, up from an earlier plan for 7 million to 8 million units. The same story quotes IDC on an average price of $2,500 for the foldable.
| Foldable iPhone math | Figure |
|---|---|
| Reported production target | About 10 million units |
| Earlier reported target range | 7 million-8 million units |
| Reported average selling price estimate | $2,500 |
| Gross sales implied by 10 million units | $25 billion |
| Gross sales from extra 2 million-3 million units | $5 billion-$7.5 billion |
| Apple one-day market value gain | About $210 billion |
| Market value gain / full 10 million-unit gross sales | About 8.4 times |
| Market value gain / top end of added-unit gross sales | About 28 times |
The gap signals that Thursday’s trade wasn’t just about volumes. The market placed bets on a longer iPhone cycle and bigger product runway. That move squeezed room for disappointments around costs, launches or rates. Apple now sits near a $4.54 trillion valuation, trading at roughly 37 times earnings on the latest numbers.
Apple’s move gave some support to the broader market Thursday as chip stocks slipped. The Philadelphia semiconductor index tumbled 5.4%, according to Reuters. Nvidia Corp. NASDAQ:NVDA ended down 1.4%. SanDisk Corp. fell 14.1%. The Dow managed a record close, while the S&P 500 closed little changed. The Nasdaq finished lower.
Rates eased after the June jobs report. The U.S. added 57,000 jobs last month, missing the 110,000 forecast from a Reuters poll. Unemployment stayed at 4.2%. “It just takes the pressure off the Fed to raise rates in the short term,” said Adam Sarhan, CEO of 50 Park Investments, to Reuters. Reuters
Next week could bring a new challenge for megacap tech. According to Reuters, investors are set to track Federal Reserve minutes out Wednesday, while Delta and PepsiCo earnings are also due as Q2 earnings season ramps up into July. Joe Mazzola, chief trading and derivatives strategist at Charles Schwab, told Reuters he’s watching “whether or not that broadening continues,” with non-tech names picking up more of the gains in the last month. Reuters
Matthew Miskin, co-chief investment strategist at Manulife John Hancock Investments, told Reuters the main issue is “how incrementally hawkish are they leaning.” James Ragan, director of wealth management research at D.A. Davidson, said a tightening cycle would pose “a risk to the market and the valuations.” Reuters
Apple investors got a Sunday update from the supply chain. Foxconn (TPE:2317), Apple’s biggest iPhone assembler and Nvidia’s top server supplier, reported its second-quarter revenue jumped 39.8% from a year ago to T$2.513 trillion, or $78.71 billion, beating the LSEG SmartEstimate. Foxconn said smart consumer electronics, including iPhones, saw “significant” growth. The company cautioned that it is watching a volatile global political and economic environment. Reuters
Supply risk didn’t go away. India is looking into a data leak at Tata Electronics tied to Apple’s next iPhone 18 Pro, Reuters reported. “We are investigating,” S. Krishnan, secretary at the Ministry of Electronics and Information Technology, said to Reuters. Reuters
Apple faces another market test after its $210 billion one-day jump. This week, the key question is if those gains stick as traders watch for Fed minutes, early earnings and news from suppliers. Bigger tech results come later in July.
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