Shares of Apple (NASDAQ:AAPL) recently broke $500 a share for the first time since January, but it looks as if the rollercoaster ride is far from over for the company and its shareholders. In fact, compared with the first half of the year, in which the company's share price lagged significantly but little happened, we're heading into the half of the year that matters most for the tech giant. As we now know, we're less than a month away from Apple's first big product launch of the year. This has clearly helped boost its share price somewhat. However, the tech power still remains patently undervalued in the eyes of tech and telecom analyst Andrew Tonner, as he explains in the following video.

Fool contributor Andrew Tonner owns shares of Apple. Follow Andrew and all his writing on Twitter at @AndrewTonnerThe 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.