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Apple CEO speaks with media representatives next to Apple’s new Vision Pro virtual reality headset at the Apple Worldwide Developers Conference (WWDC) on June 5, 2023 at the Apple Park campus in Cupertino, Calif. Mr Tim Cook. On Monday, Apple announced its first products. – A virtual reality headset that challenges the Facebook owner’s Meta in a market that has hitherto lured none other than video gamers and tech geeks. The release marks the most significant product announcement by the iconic iPhone maker since it unveiled the Apple Watch in 2015.
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CNN
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Apple stock closed Friday at $3 trillion, making it the only company to reach the milestone. The company has ridden the wave of big tech stocks, giving the Nasdaq its best first half gain in 40 years.
Apple shares rose more than 2% on Friday to a record high of $193.97. With 15.7 billion shares outstanding, his share price has brought Apple to historic market value.
Apple has been here before: January 3, 2022, Apple reach $3 trillion Marked in intraday trading but failed to close there.
The company’s stock closed at a record high for a third straight day on Thursday, but was up just 0.2%. Apple easily surpassed the $190.73 level needed to break $3 trillion at the market’s opening on Friday.
The tech giant’s shares are soaring after the risky launch of Apple’s Vision Pro earlier this month and a better-than-expected quarterly earnings report in May, despite sluggish sales and profits. .
The Vision Pro, which launches next year, has impressed tech journalists who got an early preview of the augmented reality device.but it is early market and Little adoption by mainstream consumers. Apple plans to charge a hefty price of $3,499 for the headset, which currently has limited apps and experiences and requires users to stay connected to a battery pack the size of an iPhone.
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(AAPL) Shares surged 49% this year as investors jumped on the AI bandwagon and were fueled by a broad rally in big tech stocks.Nvidia
(NVDA) Tops S&P 500 with 190% gain this year, followed by meta
(meta) It was 138%.
The Nasdaq rose 31.7% in the first half of the year, its biggest first-half gain since 1983.
Apple’s stock market success this year In contrast to 2022. In early 2023, Apple’s market capitalization fell below $2 trillion in transactions for the first time since early 2021.
Wall Street ended the first half of 2023 on a high note, as the rally in tech stocks ended the market higher both in the month and in the second quarter of this year.
The S&P 500 rose 6.5% in June, its best monthly performance since January. Also in the second quarter, he increased by 8.3%, marking the third consecutive quarter of growth. The S&P 500 Index is up about 15.9% year-to-date, its best half-year since 2019.
