In the following video, Motley Fool tech and telecom analyst Andrew Tonner discusses famed investor Bill Miller's recent statement that Apple (AAPL 0.53%) is worth 50% more than where it currently sits at $450. He compares the brand with Nike, saying that it's an incredibly valuable brand with high consumer loyalty. Andrew tells investors why he sees that assessment as right on the money, and that with Apple's powerhouse profitability, its sticky ecosystem, and some potential share price catalysts coming up in the months ahead, it's a raging buy at its current rock-bottom valuation.