Arabictrader.com – Apple (NASDAQ: ) rose more than 1% to record its highest level in today’s trading, as the S&P index climbed near a 9-month high. An announcement about working with headphone mixed reality technology at the American company’s annual Software Developers Conference.
During Monday trading, Apple (NASDAQ: AAPL ) rose 1.65% to close at $183.79, an all-time high, bringing the major U.S. company’s market capitalization to $2.90 trillion.
Analysts attributed the rise in Apple’s stock to anticipation of an announcement of a headset powered by mixed reality technology at Apple’s annual software developers conference, which would be the US company’s first major step in a new product category. Since the launch of the Apple Watch 9 years ago. The launch is expected to give Apple a test of a crowded market for devices that haven’t yet caught on with consumers and put it in direct competition with Facebook’s Meta Inc (NASDAQ:
Earlier last month, American technology company Apple APPL – listed on the Nasdaq Technology Index – announced its quarterly business report for the first quarter of 2023, which was much better than expected, with revenue and profit lower than Apple recorded in the same quarter last year.
The company’s revenue fell 2.5% to $94.8 billion in the first quarter, according to a business report, but that beat market expectations on the Refinitiv platform, which noted a record of just $92.9 billion as Apple’s revenue was expected to decline. 4.4%
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