On Friday, 28th January 2022, Apple’s shares rose by nearly 7 percent in a day, making it the biggest jump in a day, since July 2020. The world’s largest firm by market value, post its reported record results of $124 billion in sales and $34 billion in profit, it showcased its ability to overcome the pandemic and the global supply chain bottlenecks.
Amidst its proposed metaverse plan of expanding its library with 14K AR apps, the California based iPhone maker balanced a part of its recent losses, due to weeks of growth & technology shares selloff.