Apple has once again reclaimed its position as the most valuable company in the stock market, surpassing Microsoft with its market capitalization crossing the $3 trillion mark on Monday.
After a slow start at the beginning of 2024, Apple shares have bounced back and recorded a 1.2% rally on Monday. This three-day surge in stock prices amounts to a 6% increase. Overall, the stock is now marginally higher for the year.
Investor optimism surrounding the early response to the Vision Pro mixed-reality headset has contributed to Apple's recent success. Preorders for the Vision Pro began last Friday, and deliveries are set to commence on February 2.
According to analyst Ming-Chi Kuo, Apple sold an estimated 160,000 to 180,000 units of the Vision Pro over the weekend, which promptly sold out upon opening for preorders.
However, Kuo also highlighted that shipping times for the headset remained unchanged 48 hours after preorders launched. This could potentially indicate that demand might taper off after initial orders from devoted fans and heavy users.
Kuo drew a comparison to popular new iPhone models, which typically experience immediate sellouts and increased shipping times during the initial hours of preorder availability.
Based on Kuo's analysis, Apple could ship approximately 500,000 units of the Vision Pro this year.
As of Monday, delivery times for all three versions of the Vision Pro, which differ based on onboard memory capacity, were quoted on the Apple online store as falling between February 19 and February 26. Prices for the Vision Pro range from $3,499 to $3,899.