Apple Inc shares soared to an all-time high, marking an exceptional milestone not seen in the past 17 months. The rise in stock value comes as the tech giant prepares for its highly anticipated annual software developers conference, where industry experts anticipate the unveiling of an innovative mixed reality headset.
This move marks Apple’s major foray into a new product category, reminiscent of the groundbreaking launch of the iconic Apple Watch nearly a decade ago. As one of the key drivers of stock indexes, Apple has seen an impressive 40% rise in its shares over the course of 2023, outpacing the modest 11.5% growth of the benchmark S&P 500 index.
Also read: Tesla and Apple take center stage in shifting stock market rally: Key strategies for investors