Apple's (NASDAQ:AAPL) second-quarter results featured record iPhone sales and a share buyback to the tune of $16 billion. For context, that's more than the total market cap of either Nokia or BlackBerry. In our lead story on Investor Beat, Motley Fool analysts Jason Moser and Matt Koppenheffer examine Apple's need for another new hit and why the stock is still trading at a relative bargain.

Chris Hill and Jason Moser have no position in any stocks mentioned. Matt Koppenheffer 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 may not 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.