$10,000 in Apple: A 23-Year Wait?

Apple's stock has been on a roll for the past decade, turning $1,000 into roughly $13,000. However, reaching that milestone again at the current pace would take about 24 years.

The company's 44 times trailing earnings and Wall Street consensus target below its current share price leave little room for multiple expansion.

Despite this, Apple has been beating earnings per share estimates for ten straight quarters, with iPhone 17 revenue surging 22% and total Q3 revenue hitting $109 billion.