Apple Stock Valuation Looks a Little Bit Rich, Strategist Says

The video discusses Apple's recent financial report, highlighting strong performance but raising questions about services revenue and management decisions. It examines Apple's valuation, the stability of its business model, and the best use of its cash reserves. The discussion also explores investment opportunities with Apple's suppliers due to robust iPhone sales.

What are the concerns raised regarding Apple's services revenue?

What implications does the current stock price have on Apple's valuation?

How does the profitability of the services business compare to the hardware business?

What factors contributed to the initial rise and subsequent decline of Apple's stock after the report?

What potential strategies could Apple consider for utilizing its cash reserves?