Apple continues to set records even though 2022 has only just entered a month.
Apple Inc saw its shares jump 7% on Friday (January 28), it was its largest daily percentage record in a year and a half.
This in turn helped the California -based company to reduce the losses it suffered in recent weeks during large sales in growth and technology stocks.
Apple, which is the world's largest company by market value, has achieved sales of nearly $ 124 billion and profits of $ 34 billion thus demonstrating its ability to solve global supply problems during the last quarter of 2021.
According to Third Bridge analyst Scott Kessler, Apple is very adept at handling its supply chain and many are wondering how it will maintain its position this year.
In the meantime, Apple who once gave a hint about its ambitions in realizing the metaverse also helped the leap.
According to Refinitiv, at least 11 brokerages have raised their price targets for Apple shares, bringing the median price target up to $ 188.5.
However, the Federal Reserve’s (Fed) decision to implement a rate hike has put pressure on Apple shares including other tech giants such as Google’s Alphabet Inc and Microsoft Corp.
In a separate piece of news, Bloomberg reported that Apple is planning a new service that will allow small businesses to accept card payments directly from iPhone devices without the need for additional hardware.
It also sparked speculation that the company may pave the way for its devices to make crypto payments in the future.
