Previously, I have written about Apple and explained to you my reasoning behind buying the only company with a $2 trillion market cap. At that time of writing, Apple was priced at about US$400. (I bought shares of Apple before that because I felt that it was slightly undervalued compared to other technology firms). Since then, it has reached a stock price of US$500 after announcing the Apple stock split. This price is absurd and brings their PE ratio (37.81) to almost an all time high (38.44) is it’s all time high valuation). It looks like investors are understanding the wide moat and great financials of Apple as well as its venture towards a more sustainable and reliable subscription-based business model.
