But are investors getting ahead of themselves?
That’s the question observers are asking as Apple’s shares command a “huge premium,” according to MarketWatch. Investors could be setting themselves up for a big shock if they aren’t careful. But at least one financial analyst says that as Apple makes headway in the competitive wireless market, its earnings will keep growing. That will have investors increasingly valuing Apple on a cash-flow basis,” rather than from a stock perspective, MarketWatch reported.
Apple’s shares were trading for $199.02, a 4.82 percent increase, at 10:12 a.m. Eastern on Tuesday.