Apple is once again valued at over $3 trillion; the product investors are thinking about،
Over the past few weeks, the stock has traded sideways in what Wall Street analysts like to call a “trading range.” During this long period in which the stock has reached resistance at the top and found support at the bottom, the shares – again in Wall Street parlance – are on the verge of a “breakout” which, accompanied by a high volume, would be an uptrend. sign for the stock based on technical analysis.
This week, Apple returned to the $3 trillion valuation level it first reached almost two years ago. Apple started this year at $125 and has since reached almost $70, a gain of more than 55% for the year. So what's driving Apple's return to the $3 trillion level? Apple's strong ecosystem is one reason why investors are bullish on Apple. Apple's second business, services, is just beginning to show what it can bring to the company's coffers.
Investors like to look ahead, which is why the most obvious reason for this rally is Apple's Vision Pro space computer. It's not the device itself that causes the stock to rise. This is the promise of what VisionPro symbolizes Apple's new dominant device in a post-iPhone world, Apple Glass. VisionPro is just the first step toward Apple's AR specs, which would deliver a world first promised by Google when it introduced Google Glass in 2012.
For big investors, the iPhone is old news. Of course, Apple will add new features to the device and people will still buy it. And the iPhone could still help Apple make a trillion dollars as it scales toward a $4 trillion valuation. But the real product that will take Apple to the next level isn't VisionPro but the product after that VisionPro will help Apple build. Although we don't hear much about it these days, Apple Glass, or whatever Apple calls its AR specs, remains the next big thing.
Apple CEO Tim Cook has declared his love for AR and it wouldn't be surprising if he was hanging around to crown his career by unveiling the device that replaces the iPhone. That would be Cook's moment on January 9, 2007. That, of course, is the date the late Steve Jobs first took the iPhone out of his pocket and changed the world. Can this happen again?
