Apple is heading into a highly watched moment as Tim Cook prepares for his final earnings call as chief executive. The event comes just after the company reached a $5 trillion market value for the first time, with Apple shares also trading at record levels.

That combination makes the call significant for more than just quarterly results. Investors are likely to focus on how Apple plans to maintain momentum at an enormous scale, while also listening closely for signals about the company’s next phase after Cook’s long run at the top.

Attention is also shifting to the leadership transition itself. The article snippet points to Cook appearing alongside John Ternus, identified as Apple’s next CEO, at the Allen & Co. Sun Valley Media and Technology Conference in Idaho, a detail that highlights how closely the handover is now being watched.

For Apple, the final earnings call under Cook arrives at a moment of both strength and uncertainty. The company is enjoying a historic valuation, but the discussion is expected to center on whether that success can carry forward smoothly as a new leader prepares to take over.