Apple’s stock is on track to close at a record high Monday as $AAPL is expected to launch a mixed-reality headset at WWDC — its first major new product in eight years.
Apple Inc. shares are on track to close at a record high Monday as the company approaches the next stage in its journey as a consumer-electronics powerhouse.
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.
Bernstein analyst Toni Sacconaghi wrote in a recent note to clients that Apple “is entering its seasonally strong trading time of the year.”
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