Apple’s Stock is Reaching Record High Before WWDC23 and VR/AR Headset Launch
In Brief
Apple’s shares increased by around 1% to $183.67 in premarket trading on Monday.
Apple’s market cap is set to increase by $16.5 billion, bringing it closer to a $3 trillion valuation.
Apple’s stock has soared to a record high as investors anticipate the launch of its ambitious product: a VR/AR headset that could revolutionize the industry. The company will unveil the device at its annual Worldwide Developers Conference (WWDC) alongside its latest hardware and software innovations.
In pre-market trading on Monday, Apple’s shares increased by about 1% to $183.67, surpassing the previous closing high on January 3, 2022. Apple has been one of the best-performing stocks of 2023, with almost a 40% increase in its share price since January 2023. The company has maintained a consistent upward trend throughout the year.
According to Bloomberg, Apple is set to increase its market cap by $16.5 billion with its current stock price, bringing it closer to a $3 trillion valuation. It’s the largest public company and makes up about 7.5% of the S&P 500 Index.
WWDC 2023, Apple’s annual Worldwide Developers Conference, begins at 10 am PT on June 5 at Apple’s campus in Cupertino, California.
As mentioned earlier, the highlight of the event is going to be a mixed-reality headset, possibly called the Reality Pro or XR Pro, and a new xrOS operating system. Bloomberg also wrote that New Mac laptops and desktops and software updates such as watchOS 10, iOS 17, iPadOS 17, and macOS 14 are also expected. Apple will showcase updates to its fitness, health, and finance services and further integrate its devices to keep users within the Apple ecosystem.
Read more:
- Apple’s Mixed Reality Headset, which will have up to ten cameras, will cost up to $3,000
- VR Industry’s Moment: What to Expect in Meta Quest Gaming Showcase and Apple’s WWDC23?
- Leaked Details Suggest Apple’s Headset Include a Plethora of iPad Apps, Gaming, Workouts, and Sports Content
- Apple Registers xrOS Wordmark for Upcoming AR/VR Headset
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About The Author
Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on agnec@mpost.io.
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Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on agnec@mpost.io.
