After the company reported weaker than expected iPhone sales a few weeks ago, Apple (NASDAQ: AAPL ) shares are trading lower. But was market's sell-off of Apple shares really merited? Fool contributor Daniel Sparks doesn't think so.
In the video below, Daniel and Motley Fool Technology Bureau Chief Evan Niu discuss Apple's prospects. While Sparks acknowledges that Apple's growth in smartphone shipments is significantly lagging worldwide growth in smartphone shipments, he also believes the picture is not complete without also considering valuation.
Sure, Apple's first-quarter 7% year-over-year growth in smartphone shipments isn't anything to get investors excited, but the combination of a massive cash hoard, a meaningful share repurchase program, unwavering loyalty in the premium smartphone market, and a conservative valuation just might be enough. Check out the video below to find out whether Daniel and Evan think Apple is a buy, sell, or hold.
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