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Tim Cook Will Host His Last Earnings Call as Apple CEO on July 30. Is the Stock a Buy Now?

The Motley Fool·
Tim Cook Will Host His Last Earnings Call as Apple CEO on July 30. Is the Stock a Buy Now?

Tim Cook will host his final earnings call as Apple CEO on July 30 as the company reports strong iPhone sales and service revenue growth. While Apple has an excellent business model and will benefit from recent price increases under incoming CEO John Ternus, the analyst recommends waiting for a better entry point due to the stock's elevated valuation with a forward P/E ratio over 35x and potential margin pressure from rising memory prices.

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