Read: Why Meta’s stock is still ‘highly attractive’ after a 125% surge this year, according to one bullīernstein analyst Toni Sacconaghi wrote in a recent note to clients that Apple “is entering its seasonally strong trading time of the year. Have gained 49% and shares of Meta Platforms Inc. Have advanced 40%, shares of Alphabet Inc. Apple’s stock is up 38% so far in 2023, while shares of Microsoft Corp. It’s been a strong year for Big Tech names generally. With the Vision Pro announcement, Apple is taking a stab at a category that has thus far failed to catch on in any mainstream way. See more: The $3,499 Vision Pro headset, iOS 17, and everything else Apple just announced at WWDC The company previewed a mixed-reality headset at its WWDC developer event Monday, though it seemed to surprise investors with the price tag and the timetable: The new Vision Pro will cost $3,499, above expectations for roughly $3,000, and come out in early 2024, not later this year. Apple on May 18 released iOS 16.5, delivering several sports-related enhancements for Apple News, a new Pride Celebration wallpaper, and several important bug and security fixes. Then there’s the next chapter of Apple’s story. The smartphone giant has weathered a lot since it last posted a record close, enduring supply-related challenges related to the pandemic and spending pressures that are affecting its customer base. But Wall Street seems reasonably comfortable with Apple’s ability to thrive in an era of tightened consumer budgets, with one analyst musing after the company’s last earnings report that iPhones costing $1,000 or more have become a glorified essential purchase. 4, 2022, according to Dow Jones Market Data. It traded as high as $184.95 Monday, surpassing the record intraday level of $182.94, which was set on Jan.
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