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.