The following video is part of today's MarketFoolery podcast, in which host Chris Hill, senior analyst Jason Moser, and advisor Jeff Fischer discuss the latest business news. While Apple made headlines for recent lawsuits against both Motorola Mobility and Samsung, it made even bigger headlines on Monday, when shares crossed the $500 mark. In this segment, the guys share why they believe Apple's legal strategy is a smart one. They also analyze why, despite hitting $500, Apple's stock is at a more attractive valuation today than several years ago, when it was selling for much less.

Chris Hill owns no shares of any of the companies mentioned. The Motley Fool owns shares of Google, Qualcomm, and Apple. Motley Fool newsletter services have recommended buying shares of InterDigital, Google, and Apple and creating a bull call spread position in Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.