Is Apple stock overvalued?

[Southie]

Re: Is Apple stock overvalued?

@Southie

Apple has risen from ~ 350 at start of this year to 600, before falling to the currnet 585 level. Its market capitalization is 545 billion dollars. It comrises about 4% of the S&P 500 index. It is now a must own for most stock mutual funds. Some funds, which are not supposed to own stocks, or not supposed to own technology stocks also own it, since everyone else does.

Since ~ 1998, the following companies have had the largest market cap

GE (down from 55 to ~ 20)
Microsoft - down from ~ 50 to current 32
Cisco - down from 80 to current 20
Intel - down from ~ 40 to current 27
Exxon - down from ~ 90 to current 85]

No dividends have been considered above - thoug tech hardly paid any dividends till recently.

Other than Exxon, all the stocks in the last 14 years which have occupied the largest market cap crown ever so briefly have tumbled. Is Apple the next Tech goliath slated for a fall? Or is this time different? That is this is not longer the go-go 2000 Tech bubble type scenario?

Full discolsure - as stated earlier in other threads, I own a y-pad, and not an i-pad - so am not technically very savvy.

Since this thread opened AAPL up 40 pct in 2 yrs 10 months. Yld 1.6 Total return 45 pct.

Snp 500 up from 1245.to 1994. Or 60 pct. With 2 pct div yld. Total return 66 pct.

Apple performed d better than I expected. Still price u pay.matters. in spite of excellent operational execution it lagged snp500 in this bull mkt.

What happens when sanity returns