Over the past five years, shares of (NASDAQ: AAPL) have soared 218%, which translates to an annualized gain of 26%. That rise undoubtedly beats the gain of the Nasdaq Composite Index by a long shot. 

But shares are off about 11% from their all-time high price (as of Sept. 21), a move that came about after the business reported its fiscal 2023 third-quarter earnings. Perhaps investors aren't happy with softer sales trends. 

Regardless of what the latest numbers show, it's important to gain a better understanding of Apple. Here's one reason that this top FAANG stock is a no-brainer buy, as well as one reason that investors are better off avoiding it altogether. 

Continue reading

Source Fool.com