After a sell-off from a high of $705 last September, Apple (NASDAQ: AAPL ) shares are undoubtedly cheap at around $434 per share. The stock trades at 10 times earnings and 9.3 times free cash flow. But has the sell-off gone too far?
In the video below, Fool contributor Daniel Sparks points out three reasons Apple is a great stock for investors looking to hold for the long haul. Google's (NASDAQ: GOOG ) Android may have ousted iOS in terms of smartphone market share both worldwide and in the U.S., but three important measures still favor Apple immensely: customer satisfaction ratings, retention, and usage rates.