As Apple (NASDAQ: AAPL) begins sales of 5G devices and ramps up for the holiday season, investors have good reason for optimism. Amid the shifts in workloads brought about by COVID-19, demand for Apple devices has increased on many fronts.
However, the stock has also risen significantly this year, and its earnings multiple has surged to multi-year highs. Such activity could force investors to question whether they should continue to add positions in the tech giant or take some cash off the table.
Admittedly, growth investors have good reason to sour on Apple stock at first glance. For one, its mammoth $2 trillion market cap is a limitation in itself.
Source Fool.com