Just last September, investors were anxious to load up on more shares of Apple (NASDAQ: AAPL) as it approached its 52-week high. Now, several months later, investors are bearish on Apple -- even as Apple trades for a mind-boggling low P/E of 10. So why aren't investors buying now?
When thinking about Dell (NASDAQ: DELL) and the post-PC world we live in today, investors really have nothing to fear about Apple. The company remains the leader in technology today and will be for some time to come.
Borrowing from Michael Saylor, CEO of Microstrategy, Fool contributor Kevin focuses on how Apple has become more than a technology company: It's become a fashion statement. And when analyzing the Chinese market and the Chinese consumer, that perspective becomes even more important. Digging through Apple's dealings with China Mobile (CHL +0.00%) and the smartphone market, investors can easily see how Apple may be ready to pop once again thanks to Chinese demand.
To learn more about why Apple is a best buy today, watch the video below.
