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Key Takeaways
- Apple stock dropped last month due to production issues at the Foxconn factory in Zhengzhou, China. This hangup led to additional delays around the holiday season.
- Apple is still the largest publicly traded company in the world with a market cap of $2.09 trillion.
- There are still many macroeconomic factors impacting major companies and the tech industry. With that said, rumors are swirling that Apple will release a new product category in 2023 in the form of a new AR/VR headset.
- Analysts predict that the company’s stock should go up in 2023.
Strong iPhone and Mac computer sales led to Apple reporting a record quarterly revenue of $90.1 billion during a time when many other companies had softer earnings due to the macroeconomic issues impacting the entire world. While Apple was in the news last month due to issues with factory closures in China that caused product delivery delays, there’s some significant news that could change the trajectory of the tech giant in 2023.
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