On Monday, ahead of its yearly Worldwide Developers Conference (WWDC), Apple shares reached a record high. The most valuable publicly traded firm in the world saw its shares recently up 1.8% at $184.15. The increase coincides with speculation that Apple will announce a mixed-reality headset at an event later in the day.
In anticipation of the annual software developer conference, Apple Inc. shares reached a record high for the first time in 17 months on Monday, but their market value fell short of an all-time high of $3 trillion.
Later in the day, Apple is predicted to unveil a mixed-reality headset, marking the company’s first significant foray into a brand-new market since the launch of the Apple Watch nine years ago.
The most valuable publicly traded firm in the world last saw its shares rise 1.5% to $183.70. Compared to an increase of 11.5% in the benchmark S&P 500, they had increased by about 40% in 2023.
Early last year, Apple became the only firm to reach a market capitalization of $3 trillion. The most recent estimate was $2.89 trillion.
The future 12-month price-to-earnings ratio for the iPhone manufacturer is 28.39, which is higher than the sector median of 12.79.
