With significant plans at the developer conference, Apple stock reaches an all-time high

Prior to a yearly software developer conference, Apple Inc. shares reached a new high for the first time in 17 months on Monday, although the company’s market worth fell short of its all-time high of $3 trillion.

At its Worldwide Developers Conference (WWDC) later in the day, Apple is anticipated to introduce a mixed-reality headset. This would be the company’s first significant foray into a brand-new product category since the launch of the Apple Watch nine years ago.

The most valuable publicly traded firm in the world last saw its shares rise 1.8% to $184.15. Compared to an increase of 11.5% in the benchmark S&P 500, they had increased by about 40% in 2023.

Early last year, Apple became the only firm to reach a market capitalization of $3 trillion. The most recent estimate was $2.89 trillion.