Apple stock has taken a drubbing over the past year. In this video, Andrew Tonner offers three reasons he thinks Apple is still a great buy:
It trades at ridiculously low valuations, particularly given its cash reserves.
It will probably launch a low-cost iPhone to finally penetrate emerging markets, which has been a weak spot for the company.
It's likely to roll out either its iWatch or its iTV next year, in a move that should help boost revenue and profit growth.
Andrew argues that positioning yourself in this company at today's low valuations could pay off this time next year.
There's no doubt that Apple is at the center of technology's largest revolution ever and that longtime shareholders have been handsomely rewarded, with more than 1,000% gains. However, there is a debate raging as to whether Apple remains a buy. The Motley Fool's senior technology analyst and managing bureau chief, Eric Bleeker, is prepared to fill you in on both reasons to buy and reasons to sell Apple and what opportunities are left for the company (and your portfolio) going forward. To get instant access to his latest thinking on Apple, simply click here now.
The article Down but Not Out: Why Apple's Still the Best Buy in All of Tech originally appeared on Fool.com.
Andrew Tonner owns shares of Apple. The Motley Fool recommends and owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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