In this video, analyst Andrew Tonner talks about Apple's current situation. Even though the stock sits just below $400, he has three reasons he's bullish on Apple:
- Its dividend, which sits at 2.5% and is likely to be raised in its upcoming earnings report. With its $137 billion cash pile, it could keep increasing dividends in the future.
- The likelihood of an upcoming lower-cost iPhone, which could help Apple break in to new markets and boost revenues.
- The company's upcoming next-generation product -- a smart watch or a smart TV, which could arrive sometime next year also also drive revenues.
For more details, check out the video.
