2023-06-13 02:15:00
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Alexey Razin
The stock market’s reaction to the recent announcements of new Apple products was a little stretched out in time, but the company’s shares ended trading on Monday at new high since January last year. Since the beginning of this year, the price has risen more than 46%, well above the performance of the Nasdaq 100 index, which rose by 35%.
Image Source: Chris Ratcliffe, Bloomberg
Even without the announcement of the augmented reality headset Vision Pro, the purchase of Apple shares this year was considered by many investors as a safe investment, as the company was able to generate revenue growth in some areas during the crisis and maintain shareholder payouts. Apple’s intentions to expand its retail network also add confidence in the future to investors. According to representatives of Phoenix Financial Services, the Apple phenomenon lies in the ability of investors to earn on the company’s shares, regardless of the dynamics of the stock market and macroeconomic indicators.
Yesterday’s rise in the price of Apple shares by 1.6% to $183.79 per share supported the rest of the market, since these securities have a share of 7.5% in the S&P 500 index. The company’s capitalization currently reaches $2.89 trillion, and there is not much left to the psychologically important mark of $3 trillion. Although the announcement of the Vision Pro headset did not impress observers, experts are convinced that its launch will be an important impetus for the development of the entire augmented reality technology sector, forming another important source of revenue for the company.
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