After a sell-off from a high of $705 last September, Apple (NASDAQ: AAPL ) shares are undoubtedly cheap at around $434 per share. The stock trades at 10 times earnings and 9.3 times free cash flow. But has the sell-off gone too far?
In the video below, Fool contributor Daniel Sparks points out three reasons Apple is a great stock for investors looking to hold for the long haul. Google's (NASDAQ: GOOG ) Android may have ousted iOS in terms of smartphone market share both worldwide and in the U.S., but three important measures still favor Apple immensely: customer satisfaction ratings, retention, and usage rates.
Apple has a history of cranking out revolutionary products... and then creatively destroying them with something better. Read about the future of Apple in the free report, "Apple Will Destroy Its Greatest Product." Can Apple really disrupt its own iPhones and iPads? Find out by clicking here.
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