Apple shares hit their highest price in the stock’s 43-year history early Monday, as the world’s largest company continues to grow.
Apple shares have risen dramatically during the tenure of CEO Tim Cook.
The stock gained 1.4% in morning trading, hitting as high as $183.86, shattering its prior all-time high of $182.94 achieved last January.
Shares of the Silicon Valley behemoth are up some 47% in 2023, erasing its 27% slide last year and captaining tech’s broader rebound year-to-date.
Monday’s rally comes hours ahead of Apple’s Worldwide Developers Conference where it is expected to unveil its mixed reality headset, one of its most significant new product launches over the last decade.
Apple’s market capitalization now sits at about $2.9 trillion, about $400 billion richer than the next most-valuable public company on the planet, Microsoft.
$1.8 million. That’s how much a $1,000 investment at Apple’s 1980 initial public offering—when shares traded at a split-adjusted level of $0.10—would be worth now.
This is a breaking news story and will be updated…
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