Apple shares slipped about 1.9% to roughly US$331.90 on Wednesday, even as the tech giant posted its Q4 2026 results with quarterly revenue of US$114.5b and basic earnings per share of about US$2.11. The market reacted to the headline move, while long term holders are staring at a different picture.

The fresh numbers cap a fiscal year that management described as Apple’s best ever on key measures, with trailing twelve month sales of US$478.8b and net income of US$132.2b. Short term traders are focused on the red on the screen, whereas multi year investors are weighing what those profit levels mean against a rich P/E and stretched expectations.

Love Apple’s sheer profit scale but uneasy about paying up for a rich P/E and lofty…