Over the past several years, many of Wall Street's hottest stocks came from the world of technology. Household names such as Netflix, Amazon and Facebook emerged as top performers and helped send broader markets higher. However, where these stocks once promised ludicrous growth now stands increased competition and industry maturity. The trends of yesterday -- including video streaming, e-commerce and social media -- remain promising, but they are no longer the upstart segments they once were. But investors looking for the next high-growth opportunity may look no further than a brand-new trend that has the chance to expand exponentially over the coming years.
Apple's stock market value is heading towards a new milestone and its latest product launch on 12 September could push the tech giant closer to becoming the first ever $1tn (£760bn) company. At the end of last week, the company's market capitalisation hovered around $830bn, continuing a 10-year run that has generally headed upwards since a low of $69bn in January 2009, during the financial crisis. Tuesday's event, with the iPhone 8 the star attraction, will strive to meet investors' – and customers' – vaulting expectations. But what will Apple tempt users with to justify Wall Street's faith in its future profits? An Apple spokesman declined to discuss what will be revealed at the event in the company's $5bn, spaceship-shaped Cupertino headquarters.