WWDC 2023: How valuable is tech titan Apple?

Photo Credit: Apple

Just ahead of the WWDC 2023, Apple shares have hit an all-time high. So, how valuable is this tech titan?

Photo Credit: Apple

Apple is expected to roll out a number of software and hardware products today at the WWDC 2023.

Photo Credit: Apple

That the market is happy with what it has heard in the form of leaks and rumours is clear from just this fact - the shares have skyrocketed today.

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Notably, Apple Inc shares hit a record 17-month high on Monday.

Photo Credit: Reuters

However, Apple shares' market value remained short of an all-time peak of $3 trillion, Reuters reports.

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What is driving the markets? Well, Apple is expected to launch an AR/VR headset today. It is the first new product category by Apple since the launch of the Apple Watch nine years ago.

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Then there is the MacBook Air 15-inch and iOS 17 plus a number of other software products.

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Apple, which is the world's most valuable listed company, saw its shares rise by 1.5% at $183.70.

Photo Credit: Apple

Apple shares have jumped nearly 40% in 2023, compared with an 11.5% rise in the benchmark S&P 500.

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Apple became the only company to hit $3 trillion in market capitalization early last year. It was last valued at $2.89 trillion.