Apple stock has taken a drubbing over the past year. In this video, Andrew Tonner offers three reasons he thinks Apple is still a great buy:
- It trades at ridiculously low valuations, particularly given its cash reserves.
- It will probably launch a low-cost iPhone to finally penetrate emerging markets, which has been a weak spot for the company.
- It's likely to roll out either its iWatch or its iTV next year, in a move that should help boost revenue and profit growth.
Andrew argues that positioning yourself in this company at today's low valuations could pay off this time next year.
Andrew Tonner owns shares of Apple. 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.