Shares of consumer electronics giant Apple (AAPL) have closed at an all-time high of $197.96 U.S. on a split adjusted basis
The close puts Apple above its previous all-time closing high of $196.45 U.S. reached on July 31 of this year.
Apple’s share price has now risen 52% in 2023, putting the company’s market capitalization at $3.08 trillion U.S.
Over the course of this year, Apple’s market value has increased by nearly $1 trillion U.S.
Looking ahead to 2024, investors and analysts are hoping for renewed growth in iPhone sales and continued expansion of Apple’s services arm that includes its streaming service.
Another focus will be the launch of the company’s Vision Pro mixed reality headset, Apple’s first entirely new product since the launch of the Apple Watch in 2014.
Apple’s stock has now increased 17-fold since Tim Cook took over as chief executive officer (CEO) in 2011.
