Last year's iPhone launch marked Apple's (AAPL +1.12%) all-time high share price. It's been a long year for investors, as Apple has pulled back dramatically since then, and all eyes will be on how many iPhones the company sold this launch weekend. Along with the pullback came a significantly lower valuation, which implies that investors are pricing in lower expectations.
The Mac maker continues to fetch attractive earnings multiples, and simply approaching a market multiple could potentially translate into share appreciation.
In the following video, Erin Kennedy discusses Apple's prospects with Evan Niu, CFA, and Jamal Carnette.
