Apple Gets Antitrust Delay as GuruFocus Sees Slight Overvaluation

Apple Inc., a tech giant with a market capitalization of $4.41 trillion, has secured a temporary delay from the U.S. Supreme Court in its antitrust dispute with Epic Games.

The administrative stay granted by Justice Elena Kagan pauses Apple's obligation to file in the U.S. District Court for the Northern District of California, giving the Supreme Court more time to deliberate on Apple's request for a prolonged suspension of lower court proceedings.

According to GuruFocus' GF Value™ metric, Apple's current stock price of $302.25 is approximately 6.7% above its intrinsic value estimate of $283.36, indicating modest overvaluation.