Apple’s stock hits new intraday highs for five consecutive days but is trading high at 33 times forward earnings. With single-digit revenue growth expected for the next six years, investors are cautious. Despite a 64% gain since April, questions remain about sustained growth. Apple’s revenue growth rate has been modest at 1.8% over the past three years.

Apple’s latest quarterly report showed a 7.8% increase in net sales, driven by strong Mac and services performance. The iPhone 17 launch is promising, but overall growth remains in the single digits. Analysts predict continued single-digit growth for fiscal 2026 and 2027, raising concerns about Apple’s valuation at 33 times forward earnings.

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Read more at Nasdaq: Am I the Only One Worried That Apple Hasn’t Earned Its Recent Upticks?