Over the past three months, Apple's stock has dropped 35%, falling from an all-time high of above $700 to its current price of around $450 per share. Apple currently trades at 10 times its trailing-12-month earnings and 6 to 7 times its forward earnings.
In this video, technology and telecom analyst Andrew Tonner talks about the reasons Apple still represents a good value, including customer engagement elements such as the "sticky experience" of the Apple apps "ecosystem"; lower price points in emerging markets, where it faces strong opposition from Google; and potential capital returns in the form of dividends backed by its $137 billion in cash on Apple's balance sheet.
