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Apple hits record high after mixed reality headset

Economies.com
2023-06-06 11:50AM UTC

Apple hit a near record high on Monday with its valuation approaching $3 trillion after revealing a mixed reality headset at the Global Developers annual conference. 

 

Such a headset would be a major milestone for the famous company, and the first such brand new product since the Apple Watch was introduced 9 years ago.

 

Apple Stock

 

The Apple stock spiked to a record high at $184.95 on Monday before ending down 0.76% on profit-taking.

 

Apple's market value hit $2.9 trillion before declining to $2.83 trillion currently, approaching a record high at $3 trillion scaled last year. 

 

Apple is currently the world's largest company in market valuation, and the second most profitable after Saudi Arabia's Aramco. 

 

Mixed Reality Headset

 

The company revealed the new headset under the name of Apple Vision Pro, and they're smart glasses accompanied by an audio set to mix reality and virtual reality in a unique mix. 

 

The headset will be available next year in the US with a price tag of $3499, and its battery will support two hours of operation.

 

The Apple Vision Pro seems different from other similar products in the market, with an appearance of skating glasses. 

 

Estimates

 

Even as such early times, analysts are predicting such mixed reality platforms to be the new major area of growth for Apple, which carries such huge important and potential for growth. 

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