Why is Apple now in the role of a haven asset?

Shares of Apple Inc. (AAPL) stand out against the background of falling quotations of other technology companies. During the uncertainty in the stock market, AAPL shares have become a haven asset for some investors. 

There are reasons for this, besides steady iPhone sales. Over the past few days, the Apple brand has in several important news. So, last week it became known that Apple is still developing its own electric car with an automatic driving system. There are no details about it; it is unlikely that the serial sample will be ready before 2025. 

But investors took the news positively. At the weekend, Bloomberg reported that Apple is creating augmented reality (AR) glasses and may present them to the public as early as June 2022. Moreover, the drinks will be as independent of the smartphone as possible; Apple plans to move from smartphones to AR devices.

The optimistic news dispelled some of the fears that Apple could lose its investment potential. However, the company remains a giant in capitalization and revenue, and it has a highly profitable business. Therefore, the company’s shares stand out against the background of falling indices due to the new COVID-19 strain and concerns about the tightening of the Fed’s policy. 

If Apple’s AR glasses are really in the last stages of development, AAPL stock quotes may receive periodic positive impulses as new details become available. It can happen right up to the first presentation, about six months, or even longer if the glasses are successful and in demand. 

These factors do not guarantee that Apple will avoid a possible correction, but they explain the current moment. At the auction on November 30, AAPL stock was worth $165.3.