Yes, APRICOTS is a Scrabble word!

Letter values in Scrabble US: A 1, P 3, R 1, I 1, C 3, O 1, T 1, S 1.

Is it a valid word?

APRICOTS is a valid word in the official Scrabble dictionary (US), the UK Scrabble Dictionary and Words with Friends (ENABLE).

Asian tree having clusters of usually white blossoms and edible fruit resembling the peach
downy yellow to rosy-colored fruit resembling a small peach
a shade of pink tinged with yellow

Also: apricot tree, yellowish pink, salmon pink.