AAPL Stock Hits Historic 11x Sales Peak Ahead of Tim Cook's Final Earnings Call as Apple CEO
Apple stock hits an 11x sales peak as CEO Tim Cook prepares for his final Q3 earnings call. Here is what investors need to know.
Apple's stock price has reached a really high level compared to the company's sales, and this is happening as the current CEO is about to give his last earnings update. When a stock gets very expensive compared to sales, it means investors think the company will do really well in the future—but it also leaves less room for good surprises.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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