Apple has undoubtedly made for a fantastic investment. The shares have soared 249% just in the past five years, a gain that ...

Investors must decide how to proceed with Apple near all-time highs and a significant stakeholder selling shares.

But they don't justify the current valuation. Apple trades at a price-to-earnings ratio of 37, significantly above the trailing-five- and 10-year averages. That's a steep price to pay. This has ...