Technology
Is Apple (NASDAQ:AAPL) stock overvalued? – Motley Fool Australia
Apple shares have doubled in the last year. Can the tech giant keep delivering market-beating returns from here?
This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
Apple Inc.’s (NASDAQ: AAPL) stock price is up nearly 60% this year, and it has doubled in the last 12 months. At $2.16 trillion, the company’s market capitalisation is the largest on the U.S. exchanges; and until a recent pullback, shares were repeatedly hitting all-time highs.
Those data points might scare some investors away. After all, the company was already huge. Now, its market c…
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