Apple Stock: Buy at the High?
One of the most commonly reported financial metrics is a company's price relative to its all-time high. Successful companies find themselves setting this record on a regular basis, making investors wonder if they should buy at the high. At the time of this writing, Apple (NASDAQ: AAPL) is one of those companies, with shares trading around $180, just shy of its record $182. So should investors buy at the high? Let's take a closer look.
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With a market cap approaching $3 trillion, Apple is still posting results that defy the long-held belief that growth must slow as companies get to be the size of Apple. In the first three quarters of 2021, Apple reported year-over-year revenue growth of 54%, 36%, and 29%, respectively. To put that in absolute dollars, over the first nine months of the year, Apple's revenue was over $282 billion.
Source Fool.com
