Is Apple Stock as Overpriced as Its Vision Pro Headset?

There were audible groans and boos when (NASDAQ: AAPL) revealed the price of its Vision Pro mixed-reality headset will be $3,499. But few investors are balking at the price of Apple stock, which is once again flirting with a $3 trillion market cap.

Shares of Apple hit an all-time high price ahead of Apple's big announcement earlier this week at its World Wide Developers Conference (WWDC) in California. The shares have outperformed both the S 500 and Nasdaq Composite indexes by a wide margin year to date. Meanwhile, its valuation is touching levels not seen since the end of 2021, when it last sat near $3 trillion, despite an outlook for a revenue and earnings decline in 2023.

Is Apple getting too expensive for both investors and consumers?

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Source Fool.com