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Apple’s capitalization approached $3 trillion

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Apple’s capitalization approached $3 trillion

Investors in Apple securities profit regardless of the dynamics of the stock market
(photo: CC0 Public Domain)

The stock market has been slow to react to recent new product announcements from Apple, but on Monday the company’s shares closed at a new high from last January.

Since the start of 2023, Apple’s stock price has risen more than 46%, well outpacing the performance of the Nasdaq 100 index, which rose 35%, Bloomberg notes.

Even without the announcement of the Vision Pro augmented reality glasses, Apple stock purchases this year were considered by many investors to be a safe investment, as the company managed to generate revenue growth in some areas during the crisis and maintain shareholder payouts .

Apple’s intentions to expand its retail network also give investors confidence about the future. According to representatives of Phoenix Financial Services, the Apple phenomenon consists in the ability of investors to profit from the company’s shares, regardless of the dynamics of the stock market and macroeconomic indicators.

Apple’s 1.6% rise yesterday to $183.79 a share supported the rest of the market, as these securities account for 7.5% of the S&P 500 index. The company’s capitalization currently stands at 2.89 trillion dollars and not far from the psychologically important $3 trillion mark.

Although the announcement of the Vision Pro AR glasses did not particularly impress market observers, they are convinced that their launch will be an important boost to the development of the entire augmented reality technology sector, forming another important source of revenue for the company.

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