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.
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.