Despite a growing roster of legal problems in the Big Tech industry, investors are still bulling when it comes to Apple (NASDAQ:AAPL).
The company ended 1.6% higher to settle at $183.79 on Monday, its highest close to date.
Apple stock had already hit an intraday record high of $184.95 on June 5 ahead of Apple’s (AAPL) Worldwide Developers Conference.
Insiders believe that the company won’t face any serious competition for its new Vision Pro in the near future since no other tech companies are investing heavily into spatial computing.
Still, Investing Group leader JR Research said Vision Pro is not likely to replace the iPhone, Apple’s (AAPL) primary revenue driver, or the Mac.
By Jessica Kuruthukulangara/Seeking Alpha
