Interestingly I agree with you. I mean, I don't think Tim Cook has done a bad job of putting money in investors' pockets.
I am commenting more specifcally about institutional analysts (Goldman, Oppenheimer, Morgan Stanley, Jeffries, and so on).
They have been recommending people purchase Apple stock for the whole year now, saying the fair value for the stock is $220. As you and I know, it was not long ago that it was more fairly valued at $70-110.
I don't know how anyone in good conscience can recommend such overvalued prices on a clearly parabolic chart!