What's been going on with Apple, besides the drop in its stock price? In this video, Andrew Tonner describes why he thinks there's a big disconnect between Apple's future prospects and its current valuation. Most notably, Apple is expected to roll out a low-cost iPhone that should help the company better penetrate emerging markets. Apple also has a ton of cash that it could return to shareholders in a couple of different ways. These and other initiatives could reverse Apple's stock trend and reward long-term-thinking investors.

Andrew Tonner owns shares of Apple. The Motley Fool recommends and owns shares of Apple and Google. 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.