A mid-April dip notwithstanding, shares of Apple (NASDAQ: AAPL ) are now trading below $400 for the first time since December 2011. Though that might not sound that long ago, back then, Apple stock traded for 14.5 times earnings. Today, the stock can be had for 9.5 times earnings: a 35% discount!
In the following video, Fool contributor Brian Stoffel explains that even though Apple doesn't have the same type of sustainable competitive advantages that fellow tech stalwarts Google (NASDAQ: GOOG ) , Amazon.com (NASDAQ: AMZN ) , Facebook (NASDAQ: FB ) , or Microsoft (NASDAQ: MSFT ) have, Apple shares are worth looking into at today's prices.
The stage has been set
It's incredible to think just how much of our digital and technological lives are almost entirely shaped and molded by just a handful of companies. Find out "Who Will Win the War Between the 5 Biggest Tech Stocks" in The Motley Fool's latest free report, which details the knock-down, drag-out battle being waged among the five kings of tech. Click here to keep reading.