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Barchart
Barchart
Amit Singh

As Apple Stock Hits New Record Highs, Its Valuation Screams Caution

Apple Services AAPL Memory Apple Services United States

Apple (AAPL) stock recently hit a record high, thanks to its ability to consistently deliver solid financial results, supported by resilient iPhone demand and accelerating momentum in its high-margin Services segment. This strength remained evident in the second quarter, as Apple posted impressive revenue growth despite a challenging macroeconomic environment.

Given Apple’s strong performance and growth outlook, there are some compelling reasons to consider buying AAPL stock. At the same time, one issue also means that investors should remain cautious. Let's take a closer look.

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