As the world's largest company Apple shares continues to flourish hit their highest price in the stock's 43-year existence early Monday.
At the moment, Apple has a market valuation of over $2.9 trillion, which is nearly $400 billion more than Microsoft, the second most valuable publicly traded corporation on the planet.
Hours before Apple's Worldwide Developers Conference, where it is expected to unveil its mixed reality headset, one of its most major new product launches in the previous ten years, the rally on Monday took place.
Apple stock jumped 1.8% during morning trade, exceeding its previous record high of $182.94 set in January and reaching a high of $184.36.
Shares of the Silicon Valley juggernaut are up 47% in 2023, erasing a 27% drop last year and leading tech's year-to-date comeback.
Apple is going to provide software developers with more details on its most recent operating systems for the iPhone, iPad, Mac, and Apple Watch at WWDC.
Apple's stock up by 41% so far in 2023, Microsoft Corp.'s MSFT, 0.82% up 40%, Alphabet Inc. GOOG, 1.84% and Google Inc. GOOGL, 1.87% are up 41%, Amazon Inc. AMZN, 0.62% up 47%, and Meta's META, 0.19% up 125%.