Apple (NASDAQ: AAPL) is the household name to end all household names. The iPhone maker has been around for decades, growing into the most valuable stock on the market with a market cap of $2.1 trillion. That's a 13-digit number, folks.

Not every investor owns Apple shares, though it's safe to say that most of us have at least considered picking up a share or two of the Cupertino giant. But if everyone agreed in unison on Apple's long-term business prospects and financial health, the stock would never move and you'd never gain or lose any money by holding it. That's not how investing works.

So let's take a look at the pros and cons of buying Apple stock in the current market. Investment decisions should be made with a clear head and a rich understanding of the stock you're buying. Whether you walk away from this analysis with an urge to hit that buy button, or you end up wanting nothing to do with this particular stock, I've done my job as long as you gained a deeper understanding of this massive company.

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Source Fool.com