A mid-April dip notwithstanding, shares of Apple (NASDAQ:AAPL) are now trading below $400 for the first time since December 2011. Though that might not sound that long ago, back then, Apple stock traded for 14.5 times earnings. Today, the stock can be had for 9.5 times earnings: a 35% discount!

In the following video, Fool contributor Brian Stoffel explains that even though Apple doesn't have the same type of sustainable competitive advantages that fellow tech stalwarts Google (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), Facebook (NASDAQ:FB), or Microsoft (NASDAQ:MSFT) have, Apple shares are worth looking into at today's prices.

Fool contributor Brian Stoffel owns shares of Apple, Google, and Amazon.com. The Motley Fool recommends Amazon.com, Apple, Facebook, and Google and owns shares of Amazon.com, Apple, Facebook, Google, and Microsoft. 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.