Apple shares
Investment Thesis
Despite strong Q2 results, AAPL at $293.26 has surged 13.3% in one month and now trades at 30x forward earnings versus a 10-year average of 23x, with positive catalysts fully priced in. The dual-event iPhone 18 launch strategy signals product cycle uncertainty, while the CEO transition and elevated memory chip costs create execution risks that the market is underestimating at current valuations.
Catalysts to Watch
CEO transition commentary, iPhone 18 launch timeline updates, memory chip cost trends, Services revenue growth trajectory, China sales momentum
Why It May Work
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Timeline
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