The article argues Apple is one of the world's most profitable businesses, with its shares up 1,080% over 10 years as of 21 October and a market capitalisation of 5 trillion USD. In the fiscal third quarter of 2026 (ended 27 June), Apple reported net income of 29.8 billion USD; services made up 28% of revenue with a 76% gross margin, versus 40% for products. The author notes the stock trades at 35 times forward earnings, an 81% premium to the S&P 500's 19.3, and that a forward P/E of 30 would imply a value of about 295 USD per share, 14% below the current 344 USD. The article also acknowledges the bull case that the stock deserves a high valuation given the company's quality and durable returns.
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AAPLvaluationearningsS&P 500tech stocks
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Related tickers and likely impact
AAPL
▲ Likely positiveApple Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.0T |
| Close on 10/23/2026 | 347.73 |
| Change that session | -0.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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