AAPL Valuation Unjustified by New iPhone Cycle

The author of this article argues that Apple's (AAPL) valuation is unsustainable due to its high price-to-earnings ratio and declining iPhone sales. The author states that despite the company's strong brand and product lineup, the new iPhone cycle cannot justify its current valuation.

The author cites Apple's price-to-earnings ratio of 23.5, which is higher than the industry average. They also point out that the company's iPhone sales have been declining in recent quarters, leading to concerns about the sustainability of its revenue growth.

While the author acknowledges that Apple's strong brand and product lineup make it a leader in the tech industry, they believe that the company's valuation is overinflated. The author does not provide any alternative price targets or recommendations for investors.