In today's edition of Motley Fool Money, our top analysts weigh in on whether Apple (NASDAQ:AAPL) is a buy.
Apple reported $13 billion in profits and sold 28% more iPhones and 48% more iPads than in last year's comparable period. It was the second best quarter in history for any company. To say the least, we saw some great numbers. Wall Street, however, was looking for the same growth rate as in the past. Ron Gross argues that that type of growth is impossible. He likes Apple's stock and thinks it's still cheap even if you factor in competition and slowing growth.
Ron Gross, James Early, Chris Hill, and Joe Magyer have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.