I would also like to point out, that on a forward P/E basis, AAPL is quite overvalued compared to historical norms, but basically every tech company is right now.
A few segments of the economy are known to have low revenue/investment ratios, and companies there get P/S up to 7 or so.
Then, very few companies have people betting on their growth so much that their P/S get as high as 15.
And then you have literally about half a dozen exceptions on the ones S&P tracks that get higher than that.