AAPL Shares Close at First All-Time Record High Since January 2022
Apple shares closed at a new all-time high on Monday, rising 1.6% to finish the regular trading day at $183.79. It was Apple's first closing high since January 2022, barring an intraday record following Apple's Vision Pro unveiling last week.
Apple's stock gain this year has resulted in a market capitalization of $2.89 trillion, according to Bloomberg, putting it in range of hitting the $3 trillion valuation it briefly achieved early last year.
"Apple has a roadmap people are comfortable with, it has unbelievable cash flow, and you can't do better than this incredible business model," said Wayne Kaufman, chief market analyst at Phoenix Financial Services, speaking to Bloomberg. "We're seeing people come back following the bear market, and Apple is just one of the stocks where investors are comfortable owning it whether it goes up or down, because they're confident they'll make money over the long run.”
Going into the second half of 2023, Apple will look to build upon its success with a range of new products, including the upcoming iPhone 15 series, a potentially larger iPad model, the newly updated Mac Studio and Mac Pro, and the new 15-inch MacBook Air.
As for Vision Pro, Apple is playing the long game. Priced at $3,499, the mixed reality headset is not expected to launch until 2024, and will initially only be available in the Unites States, likely in limited quantities. A more affordable version of the headset is expected to arrive in late 2025.
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Top Rated Comments
AAPL pays for all of my family’s Apple devices.
Instead of complaining about Apple’s prices, just buy their stock. Then you’ll see every Apple decision as a business one.
If you keep wanting to buy more Apple products, subscribe to more services then it’s a sign to buy more AAPL.
If you start to question the value of Apple’s products, then it’s time to sell AAPL.
It’s honestly a pretty good way to analyze AAPL.
I don’t see any signs of them slowing down…
Please. Nothing will convince me that such a move on UBS's part is to do nothing more than move the price down a bit so they and their clients can get a better buy in point. Do they really see weaker sales for iPhones? At this point in the year, sales of iPhones always start to slow a bit as people decide to just wait three more months for the next model.
That isn't something new....and UBS's market manipulation isn't new either. Meanwhile, in premarket trading, Apple stock is down $1.54 to $182.25. (As of 5:47am ET). Let's see how much UBS word means in a few hours when the market opens...and the 15" Air becomes available in stores.