Apple New Product Launches and High P/E Ratio Outlook
AAPL Apple Inc
$340.97 +1.29%
View chart & analysis → - 1Apple will hold a smart home product event and begin pre-orders for the foldable iPhone Duo this week.
- 2Apple's price-to-earnings (P/E) ratio is over 35x based on projected earnings for the next 12 months.
- 3Apple's stock price has increased by 25% this year.
So what's the key point?
Apple is introducing new smart home products and a folding iPhone this week. The stock price is relatively high compared to its earnings, sitting above expert expectations.
Source Bloomberg +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.