Why consider AAPL at the current price?

1. Apple is still growing strongly
Apple reported FY2026 Q3 revenue of $109.4B, up 16% YoY, while diluted EPS increased 29%. iPhone, Mac and Services all achieved June-quarter revenue records. 

2. Services is an important growth engine
Apple’s Services business has very high margins and recurring revenue. This helps reduce Apple’s dependence on hardware sales over time.

3. Strong ecosystem
iPhone + App Store + iCloud + Apple Music + Watch + Mac creates significant customer lock-in. That gives Apple an unusually strong ability to generate recurring cash flow.

4. AI could become a major catalyst
Apple has been expanding Apple Intelligence and introduced a new Siri AI during WWDC26. The market is watching whether Apple can turn its huge installed base into meaningful AI-related revenue. 

5. Share buybacks
Apple continues returning enormous amounts of cash to shareholders through buybacks and dividends. Buybacks can increase EPS when the company repurchases shares.

But there is an important problem: valuation

At roughly $337, AAPL is trading around 39× trailing earnings. 

That’s expensive for a company whose expected earnings growth is much lower than 39%. The Financial Times recently noted that Apple was trading around 36× forward earnings, considerably above several other mega-cap technology companies. 

So the investment case isn’t simply “Apple is a great company → buy at any price.”

My way of approaching it

AAPL price Approach
$300–310 More attractive
$310–325 Reasonable accumulation zone
$325–345 Good company, but valuation is demanding
>$345 I’d be more cautious about adding aggressively

At ~$337, I’d personally view it as a DCA/partial-entry price rather than an all-in price.

For example, if you wanted to invest $1,000:
• $300 now
• $250 around $320
• $250 around $305
• $200 kept for a major market correction

That reduces the risk of buying the entire position near the current 52-week high.

Big risks: high valuation, iPhone dependence,
#AAPl