Why Apple Is Still a Buy
The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics across the investing world.
A Credit Suisse analyst reduced his estimate of Apple's future earnings based on a belief that Apple's iPhone sales would experience a slowdown. David sees the logic in the thinking over the short term but doesn't see a large long-term impact. Apple still trades at just 13.8 times earnings and has stellar growth opportunities ahead of it. Both David and John feel that Apple is still a buy, and that's why they added it recently to their 10-Bagger real-money portfolio.
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At the time this article was published David Meierowns shares of Apple.John Reevesowns shares of Apple and Verizon Communications. The Motley Fool owns shares of Apple.Motley Fool newsletter services recommendApple and Nokia. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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