Tech

Apple hits all-time market high ahead of most significant product launch in a decade

What to expect from this evening’s Worldwide Developers Conference

Shares of the iPhone maker rose as much as 1.6 per cent to $183.76 on Monday, above the closing high reached on January 3, 2022, with this evening’s announcement expected to give stocks another boost. Picture: Getty

Apple Inc. set a fresh all-time high on Monday ahead of its most significant product launch event in nearly a decade, after benefiting from a broader rotation back into technology stocks.

Shares of the iPhone maker rose as much as 1.6 per cent to $183.76 on Monday, above the closing high reached on January 3, 2022, with this evening’s announcement expected to give stocks another boost.

The gain would extend Apple’s year-to-date rally of 41 ...