3 Reasons to Buy Apple Stock Now
It's been a busy year for Apple (NASDAQ: AAPL). In March, the company announced its budget-friendly iPhone SE and Mac Studio. The company then unveiled a new round of software updates across its devices in June. The latest rumors suggest Apple could announce a cheaper version of the iPad this fall, along with a 27-inch iMac Pro, with Apple's long awaited virtual reality (VR) headset possibly coming next year.
The recent stock market rally has sent Apple stock surging, but it's still down 6% year-to-date. Even at a forward price-to-earnings ratio of 27, which is a premium to the average stock's multiple of 21, Apple is still a top stock to consider for three important reasons.
Apple's most recent investor update shows that its devices continue to win over new customers. Through the fiscal third quarter ended June 25, Mac sales were down 10% year-over-year -- but more importantly, Apple reported that nearly half of the people that bought a new Mac were new to the product.
Source Fool.com
