Apple shares set a new record

Apple shares hit a new record high this Wednesday and left the company on the verge of 3 trillion dollars in its market valuation.

The shares of the company that created the iPhone reached the $189.90, giving the company a total market valuation of approximately $2.98 trillion.

Apple already knows the taste of having exceeded 3 trillion dollars when, in January 2022, stock prices probably hit $182 in intraday trading.

At present, to return to that level of valuation, shares of the technology company topped $190.74.

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Due to important recommendations from Apple, there are fewer shares on the market and a higher share price is required, say market specialists.

During the last Worldwide Developers Conference, Apple presented in June its mixed reality glasses, called Apple Vision Pro, along with other announcements of software and hardware news. The company described the new interface as “spatial computing”.

The new product is the company’s first major new category since the launch of the Apple Watch in 2015.

giant among giants

Currently, Apple is the most valuable company in the world. followed by Microsoft ($2.5 trillion), Saudi Aramco ($2.08 trillion) and Google-parent Alphabet ($1.52 trillion), according to ranking site Companies By Market Cap.

Apple shares have gained healthy this year, rising more than 50% from the beginning of January.

In 2023, stocks of mega-cap tech companies have had strong performances, thanks to the investor interest in firms linked to artificial intelligence, as well as the signals from the United States Federal Reserve that it slowed down the rate of interest rate rises.

BM / DE