iPhone 16 Surge vs. Valuation Woes: Can Apple Maintain Its Bullish Run?

Cupertino-based tech giant Apple has been on a superb six-month surge, rebounding sharply from its April lows with impressive momentum. Since April, it has been a sea of green for Apple investors, pocketing more than 30% in gains over the past six months. Moreover, with the iPhone upgrade super cycle underway and despite the concerns, the iPhone 16 is proving to be a strong seller, with analysts optimistic about Apple stock's performance. However, after its powerful surge in value, the stock trades at a siz ...