Is Apple’s Lofty Valuation Justified? Analyst Considers the Case

Taking the top spot, Apple (AAPL) is the world’s largest company by market cap. Valued at almost $2 trillion, the tech giant keeps swatting away whatever headwinds it encounters.The level of devotion it inspires among its fans is like no other. Mega-cap rivals Microsoft and Amazon might also be considered untouchable titans, but their brands and products do not sparkle with the same aura as Apple’s offerings do.That said, should investors be comfortable with how much its valuation has increased recently? Deutsche Bank analyst Jeriel Ong took a look inside Apple’s core, to explore why the giant from Cupertino has …read more

Source:: Yahoo Finance

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