The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics across the investing world.
A Credit Suisse analyst reduced his estimate of Apple's future earnings based on a belief that Apple's iPhone sales would experience a slowdown. David sees the logic in the thinking over the short term but doesn't see a large long-term impact. Apple still trades at just 13.8 times earnings and has stellar growth opportunities ahead of it. Both David and John feel that Apple is still a buy, and that's why they added it recently to their 10-Bagger real-money portfolio.
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David Meier owns shares of Apple. John Reeves owns shares of Apple and Verizon Communications. The Motley Fool owns shares of Apple. Motley Fool newsletter services recommend Apple and Nokia. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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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